PRICES TOO HIGH
ADMIRALTY CONTRACTS LET ABROAD.
(Rec. 5.5 p.m.l London, July 19. “Giving to the high prices demanded by British firms, we have been compelled to place many contracts for goods abroad,” declared Mr C. G. Ammon, financial secretary to the Admiralty, in a speech at London.
He said the difference on one contract which had gone to the United States was 120 per centum. It would be preposterous to spend public money to that extent in order to keep contracts in Britain. He expressed the opinion that the disparity was not. due to under paid labour, but to British manufacturers lack of enterprise.— Australian Press Association.
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Southland Times, Issue 20832, 22 July 1929, Page 7
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108PRICES TOO HIGH Southland Times, Issue 20832, 22 July 1929, Page 7
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