BASIC INDUSTRIES
BRITISH PROGRESS BANKER'S OPTIMISM NORTH OF ENGLAND TRADE RECOVERY ON NORMAL LINES By Telegraph—Press Association—Copyright (Received January 24, 6.5 p.m.) British Wireless RUGBY, Jan. 23 A more cheerful review of the position of basic industries in the North of England than has been possible for several years was given at' a meeting of shareholders by Mr. A. A. Paton, chairman of Martin's Bank at Liverpool. The outlook was summarised as follows: —Cotton is more hopeful; in shipbuilding a better output is assured; iron and steel show a steady improvement; engineering is exhibiting great activity; agriculture, wool and tho woollen industry display a decided change in outlook. Mr. Paton said that Great Britain's economic recovery was proceeding on normal lines. He expressed the view that the policy of concentrating on lower rates of interest had had a good effect on industry.
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Bibliographic details
New Zealand Herald, Volume LXXI, Issue 21708, 25 January 1934, Page 11
Word Count
142BASIC INDUSTRIES New Zealand Herald, Volume LXXI, Issue 21708, 25 January 1934, Page 11
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