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British India

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Excerpt from British India

Calcutta's trade in metals was even more upset by the war in 1916 Â 17 than in 1915 Â 16. High prices and more recently the necos sity of obtaining priority certificates have reduced contracts to the lowest possible requirements. In the United Kingdom control of the steel trade dates practically from the creation of the Ministry of Munitions. Maximum prices have since been fixed for most metals, and the quantities available for ordinary commercial pur poses are very greatly reduced. The result in India has been to post. Pone all new work which was not really urgent and to hamper ex isting constructions by the shortage and uncertainty of supplies. While the actual decrease in the trade is equivalent to about 42 per cent in weight the high prices ruling show a decline in of only 6 per cent.

19 pages, Paperback

Published January 1, 2024

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James A. Smith

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