INDUSTRIAL RECOVERY

Poverty Bay Herald, Volume LXV, Issue 19825, 30 December 1938, Page 8

INDUSTRIAL RECOVERY

OUTLOOK IN BRITAIN HOPEFUL SIGNS PRESENT "Since the crisis I see on all sides evidences of a potential industrial recovery of considerable magnitude,’’ said Mr. Oliver Stanley, president of the Board of Trade, in London last month, when he opened the fourth National Coal Convention. “How far that recovery can be mite a reality depends more than anything else upon the question of confidence and the possibility of relaxing to some extent the international tension which makes enterprise seem futile and thought for the future a waste,” he added. “A year ago the coal industry was sharing to the full in a great industrial revival. The problem ol the day was not how to use the coal, but how to get it. These happy circumstances, alas, passed away, and there has been a setback in industrial conditions, the cause of which lies outside this country.” Mr. Stanley appealed for unity in the coal industry, and said that more and more in these difficult times each Industry had a consider itself as a whole and to try to make allowances for each other’s problems. “We have to try to act unitedly in a world where already trade is made difficult enough without these difficulties being increased by internal dissension,” he continued. "Invention and research are a much surer foundation for real prosperity of trade man any subsidy or tariff.”