REVIVAL OF TRADE

Press, Volume LXVII, Issue 20411, 4 December 1931, Page 12

REVIVAL OF TRADE

MOVEMENT IN SYDNEY. COMMERCIAL BUREAU. A meeting at the Real Estate Institute's rooms in Sydney on November 17th, having as its objective the inauguration of a Sydney citizens' trade revival movement, was adjourned to a date to be fixed, in view of the national prosperity campaign launched by the Prime Minister, Mr Scullin, and the desire that there should not bo any appearance of conflict between the two projects. The chairman of the meeting, Mr C. B. Byrne, president of the Real Estate Institute of New South Wales, said that the organisation suggested was, in effect, a commercial economic public relations bureau, run economically and strictly on business lines. Ho said: — "The object of the movement, as we see it, is not to stimulate an artificial prosperity for any section of tho community by a campaign of noisy booming and incitement to extravagance. We feel that any such expedient would do more harm than good. Nevertheless, we are confident that not only business men, but a large section of the public, who are keeping their money in unproductive safety and idleness, might feel more certain in investment, more ready as justifiable occasion arises, to put their money to some conservative trado use which would be of benefit to the countrv at large, as well as to themselves, if they had all the facts regarding the actual trend of trade and finance placed simply before them by an authoritative and trustworthy public body, free of sectional influences. "A time must com© when such adjustments have been made in our trade balances and genera] financial relations that a judicious and conservatively worded reflection of the position through the numerous publicity channels _ available to us will have a very definite influence in « accelerating national recovery. While exercising due caution, we can make confidence jh the future our watchword and justify that confidence with facts and figures about our resources and the world's demand for them. . . . "The organisers have already received substantial help and practically no discouragement from a large number of representative citizens. This is a movement in which everybody has an interest, rnd we should have nn annv of loyal honorarv helpers. Tho staff required will be small and inexpensive."