STEADY IMPROVEMENT

Evening Star, Issue 21628, 25 January 1934, Page 9

STEADY IMPROVEMENT

BRITISH BASIC INDUSTRIES MORE CHEERFUL REVIEW (British O'”rial Wireless.) Press Association—By Telegraph—Copyright. RUGBY, January 2jh, A more cheerful review of tho basic industries of the North of England than has been possible for several years was given by Mr A. A. Paton, chairman of shareholders of Martin’s Bank, Liverpool. He summarised the outlook as follows:—Cotton is more hopeful, in shipbuilding a better output is assured, the iron and steel industry shows a steady improvement, engineering shows great activity, and agriculture, wool, and woollens show a decided change in outlook. Mr Paton said that Great Britain’s recovery was proceeding on normal lines, and he expressed the view that the policy of concentrating on lower rates of interest bad had good effects on industry. GLVDE SHIPBUILDING NEW TONNAGE PLACED. (British Official Wireless.) RUGBY, January 23. Although only thirty-one vessels were launched on the Clyde last year, it still maintained its position as the premier shipbuilding river of the world, stated the president of the Glasgow Shipowners at the annual meeting. Last year had seen shipbuilding at low-water mark, and the output of all shipping nations had totalled only 680,000 tons, compared with 970,000 in the previous year. The present year was bound to show great improvement. New tonnage placed with the Clyde was already 260.000 tons, compared with last year’s output of 56,300 tons. It required 600.000 tons to make the Clyde yards even moderately busy.