LOOKLNG ARE AD.
With regard to the prospects for 1931, Sir Hairy McGowan was naturally disposed .tq be captious, though he was able to comment on the fact that the fall in the price level had • (Conti/flied on page 566.) '
Financial Notes
(Continued from page 564.) certainly slowed down and there was the hope that within a short period an upward trend might appear. Prospects, as he said, largely depended upon this movement. " Political developments and the readjustment of adverse budgetary positions, the possibility of co-operation in the control of the world's currency systems, the forced development of German and Russian competition, and other clouds on the industrial horizon present such inscrutable problems as to make forecast hazardous. You will therefore understand," Sir Harry said, " if I refuse to prophesy." • All he would say was " that so far as I.C.I. was concerned their products were not luxuries, but lay close to the core of the world's manufacturing and consumption needs. They were essential ingredients of the necessaries of civilised life. The structure of the company was never sounder, its organization was elastic and virile. In short, I.C.I. was admirably equipped to take full and instant advantage of any trade revival that 1931 might have in store." * * * *
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