THE CHAIRMAN SAID—

Evening Post, Volume CXII, Issue 14, 16 July 1931, Page 16

THE CHAIRMAN SAID—

Present conditions were neither permanent nor incurable, and when the world markets and the monetary position were re-established the association would • be able to take full advantage of the prosperous '■ times .which would result.— Sir James MacFarland, National Mutual Life, • Sydney; ••■ '• ■ ■ Wehad not only to meet difficult conditions during the past year, due to competition and depression, but others that were caused by unwise legislative proposals. Adoption by the State Government of financial repudiation-as; a* policy is, a bad •'example, and tends to 'influence the actions of some private individuals, who would like tovdo a little repudiation on their, own/ account.—Mr. ,W;• R; Elovey, 'Assurance 'and Thrift Association, Ltd., Sydney.1 .' ' "I must express the hope that the conditions .which are now prevailing in this country,jand Avhicht are causing so. much hardship ia business life and in other directions/ may soon, begin to improve, and that'treforei very much longer it may be possible- tp reduce some of the financial burdens which, because of their volume, are helping to cripple the country, prolonging .unemployment, and rendering recovery a tardy and difficult operation."— Mr. Walter H. Brown, London and Manihestei'. Assurance, Ltd., London.