For the first time in seven years shipping is on :
the up grade. Shipowners are shrewd judges of distant markets. One interesting point mentioned by the Morning Post is that last year the home production of motor spirit amounted to about 88,000,000 gallons-- more than twice the quantity produced two years before. Clearly if this rate of increase is continued, or, as we hope, improved upon, there will be a rival to foreign petrol .which will . considerably affect the price of the latter, besides providing a new guarantee of stability for British coal fields. The derating of industry will be of immense benefit to manufacturers when the swing back to prosperity has definitely begun. A slow move- ment may become accelerated out of all proportion to the new stimulus provided. Already it is said that the lowering of railway freights, which has come into operation before the other derating, has had a distinct influence on production. * * * *
