BRITISH STEEL.

Grey River Argus, 11 October 1922, Page 5

BRITISH STEEL.

COMPANY’S LOSSES. DUE TO CONTINENTAL COMPETITION. [A. and N.Z. Cable Association.) LONDON, October 9. Albert Beech, chairman of the United Steel Companies, in a speech nt the annual meeting, said that an important factor in connection with the companies’ losses was German competition, while the French and Belgians, owing to the exchanges, secured orders which would normally come to Britain. Unless railway rates and taxation could be reduced the consequences to industry would be most serious. There was now more trade with Britain, and inquiries indicated much work ought to be placed soon.