Clitheroc Advertiser and Times, Friday Sept. 15,1967.
Basically, not much wrong with Britain’s economy
THERE is a sort of national hypochondria
is impossible to deduce from this figure what is happening. And, in stead of getting so gloomy over the trade figures, I think it is time that a little atten tion was p a i d to Britain’s b o omi n g
were £29 million in the red in August is taken by some as a sign that we are going downhill again. ' In fact, by itself, it
businesses. Many businessmen will
not have industrial giants l i k e Massey - Ferguson raising £12,500.000 at 71 per cent., as they have
not admit th a t business is booming. But you would
which causes us to r e g ard the monthly trade figures as the e q u i v a l e n t of the nation’s temperature. The fact that we
whatever the temperature,
third largest exporter. allSo I dont’ think there is
our industrial heart is still sound enough. onRemember that, although
in ly the tenth largest nation
all that much fundament t y wrong with the coun
aster.
done this week, or the Rothschilds launching a
trust, as has also happened this week, if we were heading for a slump.
£ 6 million investment
Grumble t Difficulties and shake-outs
the rack—'‘‘stretched” by hav
ing to take over a bit of the job above him and a bit
the world, we rank as the
businessmen tv i 11 freely grumble about the way the country is heading for dis
ry’s economic situation. I t ’s true that over lunch
t But, having got that off _
heir chests they will go back t to the office and get on with plant.
he serious business of invest ing a million or two in new
Stretched r This attitude can be seen
here wall be. But, when steel works builders Davy Ashmore have an order book that is 81 per cent for exports and when a shrewd businessman like Alex Dormer, or Sheffield Twist Drill raises £1,500.000 at seven and three-quarter per cent, then I think that.
Chemical Industries’ annual meeting in March complained furiously about the Govern
Chambight at the top. Sir Paul ers , at Imperial
called the July purge, the eight and. a half per cent rise in government spending was "beyond all doubt, the mam cause of inflation.” h But, despite his complaints,
ment’s policies. •'Deeply disturbing he
ne gets on with the job. Every ian in ICI has been put on
below him. S To help the process along,
£ir Paul’s group has invested T820 million over five years. £ hat works out to about f2,500 extra capital invested
£200,000 loss because the powers-that-be sav it can only be developed to build schools. acBut he is also building Hats
Gross the Channel under L eneral de Gaulle’s nose at
ICI.Just think of it . .. . £500 a year per man being invested, all raised through the stock market.
or every man employed by
Important p Another company that is
qroudly sailing' ahead in Nuite stormy water is Cunard. 4 will be launched, at a
0 ext Wednesday the new
on board to help the cap stain, it will be the most Cunard lost £4 million last
cost to Cunard of around £29 million. With a £100,000 computer
ophisticated ship on the high seas.
, ,
rear, so its £1 shares are down to lls. despite assets of 90s. a share.
he same about the British Motor Holdings — BMC to
i But the important thing ts not this year's losses, but bhe fact that it is staying m t usiness, and you can say
.
Mini BMC launched has become a new-world word. vBMH has succeeded this
you.In this age of hi-fi music and thigh-high clothes, the
running previously. coIn any other country, a
he United States by eight £20 the past year, but it made l mpany like BMH, which
per cent. Time, it has lost money in
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RESULT OF CONTEST No. 135
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45: British History, Decisive TRENDSET BURNLEY BETHESDA STREET. I CL1TH5BQE 8 MARKET PLACE. T . |
208 COLNE ROAD, BURNLEY LANE T«! 22822.’ I ’ m a in *
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5 35: 6 0:
6 lo: I T ONE ATTEMPT 4d. TWO to r 6d. SIX to r 1 / - 9 to r 1 /6 13 to r 2 / - . 16 to r 2 /6 (maximum) J CUT HERE ***************** o million three years
ast vear produced 318,000 vehicles for overseas markets, would have been able to tell the Government what to do, instead of being messed about at home by four hire purchase restrictions in four years. c Now there are signs of a
BMH has not been working furiously on something to
e ridiculous to imagine that follow the Mini.
Booming c Almost as gloomy as the
t hange ill the attitude of bhe Government and it would
t ear in boosting its sales to
e
Havre.You will find that a lot of property developers, if
velopment abroad — t0 our loss.
Merits a Then what about Britain’s
whether because of, or in spites of, the Government,
they cannot get, on with the job at home, win move to de
ever seems to read about ‘is t the follies: yet it is a fact
viation industry’ All one hat the industry is booming
does not matter. The solid merits of Rolls-
Dowty. whose first business came when lie sold a now de sign for undercarriages to owners of a Japanese plane— and then had to roll up his sleeves to make it himself. loNow Dowtv makes £4 mil-
Royce shares, now at 48s.. and Hawker Siddelev at 43s. are well known But there are many other‘firms thriv ing in this field. DOne of mv favourites is
owtv, started by Sir George
c n a year profit and 40 per isent of its aviation equipment
exost rewarding of all
roducts in other countries. mThis must surely be the
about the shares of all the companies I have mentioned. I do not suppose there is one stockbroker who would say h that shares are outrageously
or manpower, vet it does not even appear in our trade figures. There is one characteristic
ports. It uses up no capital ighly priced.
Risky s With the move in the
inished off their business. n I t has driven out quite a
big groups which are busy laying the foundations for future building booms. They ti think well beyond the life
cent, and the land levy of 40 f per cent, ought to have umber, but there are still
oar industry have been some Cf our property developers.
orporation tax of 40 per
which, even under difficulties, are bringing to fruition major property developments which will transform whole areas of our cities. p One booming property com
Pany is Central and District broperties. I t was started
a stateless person. £ He now owns shares worth
y Mr Barnett Shine, who came to England in 1905 as
3 million in his £57 million
company.Mr Shine has £7 million of new developments on his
mind.In Manchester’s Market- street, he is in a £6 million scheme on which he has
teamed up with others in the area so as to make it a joint project covering five acres. He lias had to take some knocks. Manchester Race course has been sold for a
mme of the present Govern
ent.Then there arc groups
10s. 9d„ Central and District Property at 20s. and Dowty . at 23s. would make a share
unard at 12s., BMH, at
ust can’t be done. Even tak ing a live-year view, so much depends on factors outside a company.Will Mr Wilson fumble his running of the economy? t Will the international mone
ihares would all go up. It pary fund supports which
safe investment. wAll you can hope to do
e risk against another.
away? Will an election come? a There is no such thing as
rop up the £-bc snatched onith investments is balance
Higher But for those investors
week.The Rothschild Merchant Bankers and Mr Ross Goobey. who advises Imperial ■ Tobacco on investment, have
who are sold on the idea that ordinary shares will go on t rising without stop, a new
rust has been launched this
to get huge dividend in creases in a few years’ time as compared with the ordin ary shares, which got the higher, dividend to start with.
two-tier investment trust called Equity,consort. The deferred 'shares stand
teamed up to launch a new
imagine that share prices are too vulnerable to risk their, savings. CYet shares like ICI at 43s..
levtock market to record high t els in the past few weeks,
here must be many who RADIO HOME SERVICE NORTH
portfolio that few stock brokers would change. s I wish I could promise the
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____ , , '
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0: Who ? What ? Where ? When ?
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7 0: SPORTSWEEK. her husbancl.
Kelly. , ___ one now a ‘wanted’ notice.” , - t „
daughter of Alfred Ingha Avenue, ClitiK on Saturday : dist Church, t Hill, elder sor George Hill, Road, Clithen Given awaj
Miss Deani
the bride wc empire-line
bridal satin
guipure lace, failing from Her shoulder secured by
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YOUR WEEKEND VIEWING I n FRIDAY EVENING
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WORLD OF SPORT. (Rallycross. Swim ming, Racing from Ripon, Racing Re sults. Professional Wrestling). 5 0: Results Round-up. MAD MOVIES. NEWS.OPPORTUNITY KNOCKS. THREE VIOLENT PEOPLE. Starring Charlton Heston. THE GOLDEN .SHOT. THE F.B.I. “The Chameleon.” NEWS.
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„ „ . ■
sleeves ahd b crystal beads
Diane and (bride’s cou
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length dresst lene nylon, tr satin. They headdresses handled bask gold ribbon, flame roses. Hie best n:
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ARMCHAIR THEATRE. Leo McKern m “Dont Forget The Basics." Something is happening in the City of London. Should Henry have the attention of the
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DOWN.
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News.
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xplosive Sounds. 8 0: L.P. Parade. 8 30: Pop Parade. 8 45:
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Marshal B. A. Chacksfield. ATTACK! Alastair Buchan. Director ot t the Institute'for Strategic Studies, at
.f1 ’V
Freeman Show. 12 30: Ravin’ Hits. 10: Music In The Night.
Wednesday Church, Ha Michael Ban of Mr. and of Langdale Miss Hazel daughter of Kenworthy, Farm. Diver.
The marri. IT V
CHAMPION HOUSE. “A Terrible Inno .
8 0: 19 55: 0 5:
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Breakfast Special. 8 30: News. 8 34: Housewives’ , Choice. 9 65: Five to Ten. 10 0: Music Box.. 10 31: - Music While You Work 110: Morning Story. 1115: The Dales. 1131: Music Parade. 1215: Simon Dee. 10: Monday, Mon day ! 2 0: Swingalong. 4 15: The' Dales. 4 31: Racing Results. 4 32: Newly Pressed.
MONDAY: 5 30: Weather. News, Shoirs And Places Where They
N8: News Summary. 8 ,4: What’s Cow. 9: News Summary. 9 4: ing. 9 45: Your Concert Chotac.
, ,TIIIR1> PROGRAMME ,
11: Chopin’s Piano Music, n 50: Mozart and Mahler 2: Ernanl; 3 8: Handel. 3 *52. Ernani. 5* French Plano Music. 5 45: Plan ning and Public Opinion. 6 15: Mozart. 6 50; La Cornada. 8 30: Rudolf Kolisch 10 10: Giuseppe Ungaretti. 10 35: Bach 11: Ncv.-k
S 7: The Baron 8 45: Radio RADIO LUXEMBOURG
Midnight With Matthew. 12 50: (> Music In The Night.
Wanna Know. 10 45: Take Fifteen. 11: Top Twenty.
. how. 9: Don Warden. 10- 15 3
THE MOUNTAIN ROAD. Starring James Stewart. Left to deiav the ad vancing Japanese in World War II. Major Baldwin takes desperate measures NEWS. THE BRUCE FORSYTH SHOW. Guests Roy Castle, Edmund Hockridge, TONIGHT WITH DAVE ALLEN. WEATHER, EPILOGUE and CLOSE DOWN.
SEE IT ON SUNDAY. DOUGLAS FAIRBANKS PRESENTS. ■*Mv Favourite Aunt.” NEWS. TEMPO. •‘Performer and Composer.” Norbert Brainin oil Bach. WORLD OF SOCCER. LAWMAN. ’Shadow Witness.” MAN OF THE WORLD. Craig Stevens in ‘*A Family Affair.” STRICTLY FOR LAUGI1S. This week’s panel: Terry Scott. Ken Platt. Terry Hall. THE LITTLEST HOBO. London the Alsatian in ’’Little Boy Blues.'*
NEWS.YOU WROTE A LETTER. First of three programmes on letters written to God by children aged 5-16. REPORTING CHRIST. No. 9: ’The Reformation.' HOLIDAY SONG BREAK. The Black burn Music Society. . THE STRUGGLE FOR PEACE. Power ’ and strategy in the modern world.
WORKSOP PRIORY SOLEMN MASS. ’United Nations.**
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bride wore white moss sleeves and
SANDE
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the Coach Bolton-by-B
the couple fire from leagues at Board, and from Boltoi Farmers’ C Mr. and
Wedding
reside at Clitlieroe.
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