New Britain herald., 1918-11-09


Indian resources are being rapidly
writer for On Indian journal said re-
developed. Iron and steel of excellent
quality are available in India and the
time will undoubtedly come when the
British manufacturer finds his export
trade rapidly decreasing, due to the
increase in quantity and Improvement
in quality OF articles made on the
spot
Plate and Structural Steel.
In relation to the question of future
supplies of steel plate, upon which
schemes for developing mdia's ship
building now in contemplation turn,
an Indian economist refers to the fact
that the Tata Iron and Steel Company
made contract last December with
the Munitions Board by which they
agreed to build q plate mill and to
have it in operation within two years
from that date. They also made a
contract for 10000 tons of plates per
annum for ten years. The company is
building a plate mill capable of rolling
plates of any desired length and up to
80 inches in width. This mill will
contain two sets of hree-high rolls,
the necessary Strengthening rolls, and
transverse and edging shears. 1t will
have a capacity of about 100000 tons
per annum. In addition to the plate
mill the company is building a large
structural shop and a new steel cast
ing plant. They will he able to make
steel castings up to 35 tons in weight
and be able to roll beams from three
inches to "a inches. Other structural
materials, such as angles and chan
nels, will be made.
New Industries Born OF War.
There are many other industries
which have extended their operations
since the war began and which are
preparing to expand still further after
the war; but these will serve to show
how the possibilities in the situation
have appealed to the mind of India
Industrial development has long been
regarded by many in India as the
necessary accompaniment of political
progress and it is SO considered in the
report on Indian Constitutional Re-
forms issued last July. 1t is regarded
now as likely that a Department of
Industry will be established to assume
supervision over the efforts now being
made to expand industry. The great
need is for the application of science
70 natural resources and it is alleged
that under the educational system of
India. an insufficient number of men
are being fitted for practical indus
tries Many progressive concerns are
now seeking experts in Industrial
chemistry from Holland, Sweden and
Denmark. Those of other countries
are of course understandable now be-
cause of the% war. Illustrative of the
trend of thought in the country is the
action of the Government of Mysore
one of the most progressive of Indian
states, with respect to the Dacara Ex-
hibition of this year, recently held. 1t
was decided that this should be an
All-India Exhibition. The main pur-
pose of it is to encourage the arts and
industries of the State by displaying
the material resources processes of
manufacture, and the products of this
state along With those from other
parts of India. Particular stress is laid
by the promoters upon the methods of
manufacture in vogue and the posi-
bility of improving them.
Banking Connection With the u. S.
Because the opportunity for further
industrial development in India is so
apparent, and because that develop
ment will require financial assistance
on a large scale, unusual Importance
is attributed to the organization of the
Tata Industrial Bank, for which, as
recently announced, the Guaranty
Trust Company of New York has be
come the correspondent in this coun-
try. A writer in "Capital'' a financial
and economic journal of Calcutta, had
the following to say regarding this
bank, the first Of its kind to be estab-
liShed in India:
THE Tata Bank is intended, as far
as possible, to guide industrial invest