WORST PASSED.

Auckland Star, Volume LXIV, Issue 117, 20 May 1933, Page 9

WORST PASSED.

SLUMP ON THE WANE

"Distinctly Hopeful Signs" in Latest Trade Reports.

PALL IN UNEMPLOYMENT,

(United P.A.—Electric Telegraph—Copyright)

(Received 32.00 p.m.)

LONDON, May 19.

The "Daily Mail," in a leader, states that notwithstanding the unsettlement in the European crisis, the latest trade reports are distinctly hopeful. They even declare that the worst of the slump is passed, provided peace can be preserved as it should be now that Germany has accepted the British disarmament plan. The paper recalls the drop in the British unemployment figures, and states that German unemployment is also down 712,000, while America shows widespread recovery, all indicating greater grounds for hope. Thi; Minister of Labour, Sir Henry! Bette/ton, stated in the House of Commons that there were 91,000 more people in employment in Britain than a month ago, and 92,000 more than a year ago. Compared with January the numbers illemployment showed an increase of 249,000. That meant, said the Minister, that in the year under review, when the trade of the whole world had been paralysed by exchange restrictions, when there had been political disturbances and a monetary crisis in every country, the position in Britain was not only incomparably stronger than a year ago, but, he thought, the outlook was more encouraging than for a long time.