Britain’s Industrial Prosperity
FIRMS HAVE MUCH WORK AHEAD United Press Association—By Electric Telegraph.—Copyright Received Tuesday, 6.30 p.m. LONDON, Feb. 22. “Prosperity is here again" was the keynote of speeches at the Mansion House. Lord Derby, using notes jjrepared for Air. Chamberlain who was absent, declared that tlio United King dom’s industrial production of 1937 exceeded 1929 by 25 per cent. Apart from rearmament which was a fraction of the activity, many firms had sufficient work to keep them busy at full capacity for months. There was no doubt that the United Kingdom was in a very strong position to meet any fluctuations in world conditions. The Times says that while the domestic political situation is viewed calmly, there is a disinclination to engage in new commitments pending clarification. An absence of selling resulted in the stock markets generally rallying.
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Bibliographic details
Manawatu Times, Volume 63, Issue 45, 23 February 1938, Page 4
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139Britain’s Industrial Prosperity Manawatu Times, Volume 63, Issue 45, 23 February 1938, Page 4
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