BRITAIN'S TRADE OUTLOOK.

New Zealand Herald, Volume LXII, Issue 19124, 16 September 1925, Page 11

BRITAIN'S TRADE OUTLOOK.

SOME PESSIMISTIC VIEWS. "GOING FROM BAD TO WORSE" ADVOCATES OF COMMISSION. By Telegraph—Press Association—Copyright. (Received 10.30 p.m.)' A. and N.Z. LONDON. Sept. 14. The publication of the contents of the letter regarding the industrial outlook, which was sent to the Prime Minister by Sir George Hunter, head of Swan, Hunter and Wigham-Richardson, Ltd., has aroused considerable interest. Tho writer's views are meeting with general endorsement. Mr. Stanley Macliin. president of the Association of British Chambers of Commerce, says: "Wo are going from bad to worse. If the present state of affairs continues no one knows, what the end may be." The Standard's political correspondent says: "Big industrialists ani viewing with grave concern the present conditions and they are taking an independent course by writing to Mr. Baldwin direct, and acquainting him with their idea of the means by which an improvement may bo effected. All agree that a commission, which will come to a quick decision, must be appointed." Sir George Hunter, in his letter to Mr. Baldwin, said that the present situation demanded an immediate and comprehensive inquiry into the economic position of the whole of the country's industries. "The future of Britain and the Empire is at stake,'' he said. "Shipping is becoming more and more depressed, and the ships are lying up, with increasing frequency; the iron and steel trades are largely idle, and the shipbuilding yards are closed or closing. We are not on tho road to improvement. We appear to be on the road to ruin."