BRITISH IRON AMD STEEL

Evening Post, Volume CXIX, Issue 71, 25 March 1935, Page 5

BRITISH IRON AMD STEEL

■Bugby, March 22nd. It i 3 expected that following the announcement of .an increased rate of duties, in some instances of soi cent, on various elementary" iron and steel products, British industry "" toTt effective bargaining power in negotiationsttwith the International Cartel. It is understoodUhat the Government approve of the efforts being made to come to terms with continental manufacturers. A statement issued by the Council of the British Iron ana steel Federation welcomes the announcement of the Import Duties Advisory committee and adds that, tne measures proposed will .create conditions within which tae internal organization of the industry canoe carried a 1 further stage towards completion and will also provide a basis for effective negotiations with tne international Steel Cartel. In a speech at the annual dinner of the Iron and Steel Federation the Prince of Walea expressed the, belief that, in conjunction with the Government, he might during some of hi 3 travels have been " a little instrumental in obtaining, a few contracts." Lord Dudley, President of the Federation, speaking later, revealed that it wa3. as the result of an interview which the Prince of Wales had with authorities at Rio de Janeiro that a £3,000,000 contract for the electrification of part of • the Central .Railway of. Brazil cane to a British firm.