BASIC INDUSTRIES IMPROVE

Taranaki Daily News, 27 January 1934, Page 10

BASIC INDUSTRIES IMPROVE

MORE HOPEFUL BRITISH OUTLOOK. ACTIVITY IN NORTH OF ENGLAND British Wireless. . A more cheerful review of the basic, industries of the North of has been possible for several years'was given by Mr. A. A. Baton, chairman, to the shareholders of Martins Bank at L He l summarised the outlook as ■ Cotton, more hopeful; shipbuilding, better output assured; iron and. stee, steady improvement; engineering, greatactivity; agriculture, wool and decided change in outlook. » Mr. Paton said that Great Bntamsrecovery was proceeding on normal, lines. He expressed the view that the_ PQWV of concentrating on lower rates of interest had had good effects on industry.Although only 31 vessels were launched on the Clyde last year it still its position as the premier shipbuilding river in the world, stated the president to Glasgow shipowners at the annual meeting. , Last year had seen shipbuilding at low water mark and the output of all shipping nations had totalled, only 630,000 tons, compared with 970,000 tons in the previous year. The present year was bound to show great improvement. New . tonnage placed with Clyde builders was | already 260,000 tons compared with last year’s output of 56,300 tons. It required 500,000 tons to make the Clyde yards <>ven moderately busy.