BRITISH TRADE

Waikato Times, Volume 111, Issue 18622, 28 April 1932, Page 3

BRITISH TRADE

DAWN OF NEW ERA. INDUSTRY LEADERS OPTIMISTIC. Confldene that a new era has dawned for British Industry Is expressed by leaders of representative trade organisations. ’ The following significant views were given to a London Daily Mail reporter:—• Mr George Terrell, president of the National Union of Manufacturers: “There have been 'many signs of returning prosperity during the past week. When Stock Exchange prices start moving upward ttiis is particularly an indication that conditions are improving. Also there have been definite signs that the stoppage of abnormal importations is producing activity in a large number of industries." Hosiery Trade Hopes. Mr E. T. Walker, a member of the National Federation of Hosiery Manufacturers’ Associations: "Recent actions by the Government, the appreciation in the value of sterling, the rise in Stock Exchange prices, the great success of the British Industries Fair—all are definite events which have encouraged trade optimism. The hosiery trade will be one of the first to go ahead when the competition of dumped goods 'is eliminated; more than 80,000,000 pairs of foreign hose were imported last year."

Mr E. W. Bache, president of the Birmingham Chamber of Commerce: “I do not expect any marked improvement at once in industry generally, but there are certain indications that there will be movement in trade before the end of the year."

The Turning Point. Mr Patrick Howling, secretary of the National Chamber of Trade: "There is a decidedly better tone in commerce to-day. There is more inquiry, more movement, and more hope, and if these are linked with continuous, strenuous endeavour 1 believe this year will see the turning point for British industry." Sir George Hunter, the shipbuilder: "Tyneside has not yet felt any revival In trade, but we are hoping that the imposition of tariffs and the maintenance of the low value of the pound will have its effect in due course." Mr A. J. C. Walters, secretary of Sheffield Chamber of Commerce: "Overseas buyers are taking in growing volume from Sheffield cutlery and other goods for which they formerly relied on Continental makers." Lancashire Cheered. Mr Fred Mills, of Oldham, president of the Federation of Cotton Spinners and Manufacturers Associations: “The trade indications for this country are very promising. World trade is making a move and people .cite gaining confidence."

Major J. A- Eckes* president of Liverpool Chamber of Commerce: “Trade seems to be looking brighter all round. There Is more confidence among business men everywhere.”