• * * * * - HARLAND AND WOLFX.
There are two points arising out of the recent speech by Lord Kylsant to the shareholders of Harland and Wolff, LiMited, which have made a considerable impression both on shipping and financial cireles. Ag. regards the former, -Lord Kylsant's remarks concerning the progress which has already *taken plane in 'the adoption of motor in preference to -steam-driven vessels and the further possibilities in that direction have commanded wide, attention. And in financial and business circles a good effect has been produced by the conservative policy which is evidently being adopted by Harland and Wolff in building up strong reserves, while, although adopting a cautious attitude, it was clear that Lord Kylsant was disposed to take a fairly hopeful view with regard to the industrial outlook, always, of course, assuming that there is to be nothing'in the nature of a coal strike.
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