RUBBER INDUSTRY

Poverty Bay Herald, Volume LX, Issue 18264, 6 December 1933, Page 9

RUBBER INDUSTRY

RECENT DEVELOPMENTS

BETTER TIMES IN BRITAIN The view that a high price level for rubber was not likely to return was expressed by Mr. G W. Skellevup, of Christchurch, managing director of the Para Rubber Company in New Zealand, 1 on his arrival at Auckland after a business tour abroad. Large stocks of rubber were held. Mr. Skellemp said, production was ahead of consumption, and reMaimed rubber, obtained from old motor tyres and the like, also assisted in keeping prices down. However, the discovery of various new uses for rubber bad improved the outlook for the industry considerably. There was a large and growing demand for rubber flooring and the use of a special thread, treated with rubber, for bathing suits and similar garments was another recent development. The industry ' was more active than it had been since 1929. In England business generally was showing a marked improvement. In the wool trade about 75 per cent, of last year’s unemployed were again at work, and unemployment* also had been ihaturially reduced in the light steel industry. In spite of continued difficulties fir the coal, cotton and shipbuilding holds, various new industries flauridipjjj, and the radio indnsjtry'-was I .giving-' employment to thousands? 1 i A keen consciousness of - the value of Empire trade existed ,in England, and New Zealand’s credit, and ilia life. .were still good, (''no prominent English business man had told him t]iat New Zealanders were the best buyers in the world. .