NEW INVESTMENT

Wanganui Chronicle, Volume 83, Issue 289, 7 December 1939, Page 3

NEW INVESTMENT

e PROSPECTS OF INDUSTRY 9 s EXPANSION IN AUSTRALIA is d Demand for production of industry s will be strengtnened by increases in purchasing power under conditions of ,war economy, and, supported by sub’J 'stantial orders for defence equipment, J I should create new opportunities for investment and production. a I This conclusion is contained in an ’■ article in the weekly economic review 'of the Sydney Stock Exchange Research and Statistical Bureau, discussing the figures of trade and industry in the first months o£ war. The prospects of continued expansion of secondary industries are bright, the review says. The power vested in the Federal Treasurer to control the flow of capital for new investment will not be to check legitimate t private enterprise, and the Advisory 1 Board of Investments has announced 'j that, subject to the satisfaction of de- . fence requirements, encouragement will be given to the or.. ulsation and .. establishment of new m .ustries. Negotiations are proceeding with the v object of ensuring continuity of sup- | plies of essential materials from the 1 I United Kingdom, especially for the H ' production of war equipment and munitions for abtoad, orders for these, q Ico a total of £2,500,000, having been „ already received.