TRADE DEPRESSION.

Hawera Star, Volume XLVIII, 30 October 1924, Page 7

TRADE DEPRESSION.

SIR W. McBETH’S OPINION. BY CABLE—PRESS ASSOCIATION—COPYRIGHT. es ■ - ■ _ n- (Received Oct. 30. 1.45 p.m.) ill PERTH, Oct. 30. :le The opinion that trade in British in manufactures is very had at present ill was expressed by Sir William Mcßeth, is one of the Australian delegates to the he League of Nations Assembly. He said ig that his remarks applied particularly is to iron and steel and allied trades, in lie which there was severe depression, and iig many big concerns were being closed ng down. The reason was that British 6d manufacturers were unable to compete ne with Continental manufacturers. Mr an Mcßeth said that a great number of .<5. shipbuilding orders were going to Holland-,- whose quotations were much begs low British yards. Maiiv of the woolly len mills were not working more than ;e ' s four days a week, and part time was also operating in the cotton mills. j- e Quite the reverse report was obtained 1( j from distributors, who were enjoying a ! ’ bright period for the reason that the Lj land was establishing'a moving mar : ket, which was making a big demand 1 on the retailers’ stocks.