"But the process of consolidation has been neither uniform nor in_many directions there was re advance and even _retrogressicn during the year. That the re. adaptation of production to sleniar.t in a number of industries is still far from having been completed is, proved above all by the year's! record of unemployment. There hus been overproduction industries, others have suffered surplus S020 was ontimat 10" million quintoly "he, twie that of the egeding sear" Gl quintet plantation. rubber were excess of the WvSTSES
(c) The, sugar market was. pare ticularly attested by" the abolition ineanuea "eatricting output in Cab arid growth of production fund by new focal and protection has reduced Labour strength required. The depression in the sugar industry continued, the fight for coal market-became more intense, and the situa. tion of the timber trad (a) The world. production of cout over 36 million tons leas than 0 a lower output! in all-producing cou! many countries, of the dustry remained unsatisfactory Towards the close of the year, there: was a distinct falling off notion in certain countries attri able in part to industrial slisputes and.in part, no doubt, to credit covditions,
Text read from the printed page and cleaned; old type leaves the occasional error.