Manufacturers Fear . Return of Labour
Page 32
If you've noticed an error in this article please click here to report it so we can fix it.
"THOSE of us who are preoccupied with the imperative need to reduce costs, view the return at the top of the poll of the -Socialist Party, with its policies of nationalization, controls and extravagant Government spending, with some apprehension."
• Mr. F. I. Connolly. president of the Society of Motor Manufacturers and Traders, made this statement last Saturday:
He said that the motor industry would continue to make the fullest possible contribution towards the Country's economic well-being: It was the largest exporter and the national standard of living would be materially affected by the success or failure of the efforts of motor manufacturers in overseas markets.
"This is a heavy responsibility that surely must transcend political prejudices." Mr. Connolly added.
"1 feel that-the verdict of the people is morally one against nationalization, whether of steel or any other industry," he continued. He hoped that the Labour Party would review its nationalization programme against a background of economic need and without political prejudice.
"I am convinced," Mr. Connolly concluded, "that we shall never hold our place in competitive world trade unless our industries are based upon competitive trading at-home."