INDUSTRY IN BRITAIN

Evening Star, Issue 19522, 1 April 1927, Page 7

INDUSTRY IN BRITAIN

AK EXPERT OPINION BEIHIKIOH OF COSTS MPEBATIVE (British Official News.) Press Association —By Wireless—Copyright. RUGBY, March 31. (Received April 1, at 11 a.m.) Sir Max Muspratt was succeeded yesterday by Lord Gainford as president of the Federation of British Industries Reviewing the events of the year, Sir Max Muspratt said that one of the most encouraging developments was the idea of holding conferences with fellow industrialists from other leading countries. It was too soon to estimate their ultimate results, but a better atmosphere had been created, and this alono must count for something in the ecor nomic life of Europe. The organisation of production in the Old World was imperative, as the war had impoverished the Old and enriched the New World. It had reduced the purchasing power in ,the Old World, and had increased its productive power, and it was necessary to make an effort to reorganise to reduce costs and to avoid excessive com petition. This, obviously, could only proceed step by step and industry by industry. Any attempts to hasten things by artificial means, however we)’ meant, would be only likely to retard the attainment of the main objective