BRITISH INDUSTRIES
LORD DARNBY'S VIEW COMMENTS OH TRADE IMPROVEMENT JPres* Association—By Telegraph— Copyright LONDON, September 17. (Received September 18, at 9 a’.m.) Among the responses of business leaders to the * Sunday Times’s ’ question, “ Has the industrial tide really .turned?” Lord Barnby says: “The official returns clearly show improving trade, and the increased exports of manufactures reflect the lower manufacturing costs owing to more reasonably valued currency. The import duties are now clearly beginning to help the iron and steel trades, as they have already done in wool textiles. Regarding the latter, the continued increase in exports follows the previous marked decrease in imports. World values have been undoubtedly strengthened by the advances in wool prices. In the united States wool is still reasonable against pre-war values measured in terms of gold. ' Women’s fashions still favour wool products.”
[Lord Barnby is a partner in the firm of Francis Willey and Co., wool merchants, Bradford. He is a director of Lloyds Bank.]
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Evening Star, Issue 21519, 18 September 1933, Page 10
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160BRITISH INDUSTRIES Evening Star, Issue 21519, 18 September 1933, Page 10
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