ROCK BOTTOM PASSED
Situation in England MORE HOPEFUL FEELING In England at the present time the feeling is prevalent that rock bottom in the economic depression has been reached, and that any further movement will be on the up-grade. Mentioning this yesterday, Major C. B. Toms, director of Messrs. Kirkcaldie and Stains. Ltd., who arrived from Auckland, having come out by the Mariposa, said that the feeling was quite definite, even though there were no very striking indications of returning prosperity. It appeared, lie said, that England was in a definitely better position than the United States, where men in business were receiving a series of unwelcome shocks. One of the signs of returning confidence in England, which had kept her moral better than that of many other nations, was the removal of the embargo on the formation of new companies, several of which had come into being and were regarded as good investments. Major Toms is on one of his periodical visits to Wellington in the interests of his firm, and expects to be here for a mouth or two.
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Dominion, Volume 26, Issue 87, 6 January 1933, Page 10
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181ROCK BOTTOM PASSED Dominion, Volume 26, Issue 87, 6 January 1933, Page 10
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