IMPRESSIONS OF NEW ZEALAND.

Press, Volume LXVI, Issue 19941, 30 May 1930, Page 9

IMPRESSIONS OF NEW ZEALAND.

A BUSINESS MAN'S TOUR. I (Rom ous ow» caaxuroHSXirr.) V ' ~,-> ," Sir Sanies Hamilton' (cnkirnian and managing director of the YorkshOT Insurance Company) has returned frost his tour., in South Africa,. Austi'aliatf and New Zealand,' involving -30,000 miles of travel.

Alluding to his round, in cdnveraa. tion with the representative '0? th« "Yorkshire.Herald;" he described th« potentialities of all 'the countries a» very great, minerals/ grain;-fruit, and agricultural products forming; the? main spnrceiof their wealth. \';•?'-. V.i: J

"He added: ''There is need'.for men of vision taking;the long• view, and meanwhile conserving in every/ possibj* way the countries' characterißticsu Australia may probably be living b<* yond her means at the moment,- but that is , unfortunately a very :<»pjmoa error, and can be said of nearly all countries. New. ?ea}and » much more settled.: The - look comfortable, they aire neither very ncft nor very poor, the natural outcome of the fact that the people are not afraid of hard work. South Africa » greatly expanding, especially .Durban, and although the 'natives? -problem,?! pressing' it is being taken up #M»ugat. luiiy." ■■ -• ;''

, Australia's Troubles,

Emphasising that' the countries were inter-depondent with the Mother Countrv, Sir James expressed tna opinion that possibly Australia .did not seem to realise the extent of this dependence. He. added: "One sometimes feels they are striving to be » manufacturing country beyond thei* power or needs at the moment o» even in the near future, to the. detriment of their natural productoons. All these 'countries need more population and more money for development. "Going deeper into the matter," hj« said, "I am afraid for the next twa years that countries like- Australia wiU, have a very trying time financially and commercially, as indeed other countries, including "our own,' may, but 1 hav« no doubt with the potentialities they have in that country they wil.l-ovew come it There is a very urgent.need for economy—economy to be practjsea by the individual, as well as the State* There should be less borrowing, - lest lavish expenditure, and more bar* work. 'Go slowly' is the motto that should be applied. Develop the country's commodities and everything els« will come in time." . . He ■ spoke optimistically "> f t4 ° oll *» Africa as his words will show: Vbouttt Africa has a great opportunity generally if she looks carefully after her credit; there is probably niorevalu! in that than in material gold.