Finance—Public and Private
The Vickers-Armstrong Fusion
IT would probably be true to say that in no direction have the after-effects of the War been more directly felt than in some of the key industries of the country, and while, for the most part, the cause is to be found in circumstances arising out of the War itself, it has also to be admitted zirat in many instances recuperation has been hindered by unsound policy on the part of Capital and Labour alike, while imperfect organization and imperfect management have also played their part. Notably in our Iron, Coal and Steel, and even in our Railway industries, the British shareholder has experienced great vicissitudes during the past decade, and this is the more regrettable because it is of such supreme importance that faith on the part of the British investor in home industries should be maintained at all costs.
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