“CUTS” RESTORATION

Ashburton Guardian, Volume 56, Issue 23, 8 November 1935, Page 3

“CUTS” RESTORATION

FIRMS URGED TO FOLLOW LEAD. (Per Press Association). AUCKLAND, November 7. An appeal to private employers to follow the lead of the Government in granting further restorations of salaries and wages cuts was made by the Minister for Finance (the Rt. Hon. J. G. Coates) in speeches in the Kaipara electorate to-day. ‘‘The improvement in the public finances in 1934 and 1935 has enabled the G° ver riment to make a welldeserved restoration of the greater part of the cuts,” said Mr Coates. “During the same period there has been an improvement just as marked in the Budgets of the majority of private businesses. Many employers have recognised the sacrifices made by the staffs during the worst of the depression, aixd have made complete or partial restorations of the cuts imposed in 1931 and 1932, when the Government was forced to impose cuts to i*educe costs. Similar action was taken by most private concerns. “Now that a considerable measure of recovery has taken place and there is a strong prospect of a continued improvement, I would urge upon private employers the desirability of effecting a further restoration in line with the policy of the Government. Evidence of improved conditions is so general that there should be .scope for a faii’ly general restoration.”