HIGH COST OF BRITISH STEEL DISTURBING TO S. AFRICA
(N.Z.P.A.—Copyright.) Recd. 6 p.m. London, Jan. 16. An echo of Sir Stafford Cripps' warning about Increasing costs for British goods was heard when Sir Henry Clark addressed the Royal Empire Society on the Union pt South Africa. British rising costs of production were becoming a "disturbing factor” in the Union,, he said. The cost of British steel imported for the Rand was now 11l more than the Union's great iron and steel corporation. Before the British steel was cheaper than 1.5.C.0.R.’5. He thought the trouble lay primarily in the increased cost of coal, which was also passed on through increased steel prices to other industrial products, such as machinery, and motor-cars. He added that South Africa's plans for new cotton spinning and wool textile industries would modify and possibly diminish the demand for mported goods. British manufacturer, would have to be very much on their toes tc hold their place In the South African market.
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Wanganui Chronicle, 17 January 1948, Page 5
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164HIGH COST OF BRITISH STEEL DISTURBING TO S. AFRICA Wanganui Chronicle, 17 January 1948, Page 5
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