FOUR BLOCKS TO EMPIRE INDUSTRY

Stratford Evening Post, Volume I, Issue 434, 6 May 1932, Page 5

FOUR BLOCKS TO EMPIRE INDUSTRY

l 'V BRITAIN SHOULD OFFER DOMINION CONCESSIONS \ \ . —. , , INTER-EMPIRE ECONOMIC COUNCIL SUGGESTED

i Press Association.—Copyright. | Reed. To-day, 9.40 a.m. LONDON, Thursday. | QIR Hugo Hirst, interviewed by the Australian Press Associaf U, tion in reference to the Federation of British Industries' V report, said Emprre industry was now faced with four powerful \ blocks; first, the United States, which was trying to control I South, in addition to North America; -secondly, Japan, who staked its future on Korea and Manchuria,.which were full of raw materials; thirdly, France, with its colonial Empire; and, fourthly, an inevitable Central European industrial coalitionAgainst these Britain stands alone. ?| V %l

• He hoped Britain, at Ottawa, would offer the Dominions' considerable codcessions in) return for which the Empire would be built up according to a plan which would remove some of the present ineftieiencv.

The allocation of manufactures, in accordance with Britain's Dominions respective facilities, should bo made by. some permanent mrer-Empire economic advisory council. No. Ottawa trade agreement would be worth while unless for a long period, say 20 to 25 years. Nobody would embark on > industry behind an Empire preference plan if it were subject la' revision in throe year;?.