BRITISH INSULATED CABLES Sir Alexander Roger's forecast to the stockholders
of British Insulated Cables was one of cautious optimism. At the moment the company has a satisfactory balance of orders, and indications up to a week or two ago were that a normal year could be expected. The board still think that that expectation will be realised provided that there is no inter- national catastrophe. But in making that forecast Sir Alexander did not conceal his misgivings about the position of ifiternational trade, particularly in relation to German competition. He b4med German economic policy for the decision of the British Dominions and Colonies to build up their secondary industries. The development of colonial industires had obliged the company, jointly with other cable manufacturing companies, to take interests in trading concerns in the Dominions, whereai they would have preferred to have manufactured in this country and exported.
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