"Restriction schemes are even more difficult to operate in recovery than during depression," the "Westminster Bank Review" article continues.
"Signs of increasing demand are not always borne out, and there is a natural reluctance to expand production until it is certain that permanent increase ín consumption is to be expected. On the other hand, market demand is apt to grow suddenly after the initial stages of recovery in consumption, which can usually be met by reduction in manufacturers' stocks, while a larger output may not become effective until time after it has been owing to technical or r difficulties (as has been found in tin and rubber).
"On the whole, it may be said that a welcome feature of the present situation has been the quick response of those controlling striction schemes to increased consumption. Sometimes demand has increased e rapidly than anyone could have foreseen, especially when rearmament
Text read from the printed page and cleaned; old type leaves the occasional error.