SIGNS OF BIG REVIVAL

Poverty Bay Herald, Volume LIII, Issue 16317, 18 April 1927, Page 5

SIGNS OF BIG REVIVAL

SHIPYARDS RE-OPENED AND NEW KEELS LAID DOWN. LONDON, March 6. “On all hands,” says the latest issue of fhe Compendium oi Commerce, ' ‘there are signs tnat our great manufacturing industries have put their houses in order and are ready to meet any expansion in the demand which the future may bring. Thus, the output of coal has ‘grown rapidly under thp eight-hour day regime and, having already surpassed pre-strike quantity, is now on the way to pre-war proportions, reaching now nearly :5,5C0,000 tons per week. ‘‘ln the iron and steel industries production has been so much increased that the number of furnaces in operation already exceeds pre-war records, while the steel mills are working to full capacity to meet the requirements of shipbuilders and structural engineers, which are sufficient to keep them employed for some months to come. “Shipbuilders, on their paid, have gone to work with a will, several closed yards and engine shops having been reopened and new keels laid down in considerable numbers.”