RISE IN WOOL

Dominion, Volume 27, Issue 14, 11 October 1933, Page 10

RISE IN WOOL

Minister’s Warning

“TENDENCY TO RUN WILD”

The Deputy Premier of New South Wales (Mr. Bruxuer), iu an address when opening the Soldier Settlers’ Conference in the Assembly Hall, Sydney, deplored “a tendency to run wild” on the part of certain sections of the community, as a result of the increased price of wool, mentioning the strike in the fellmongery industry as an example. “I am always an optimist, and have tremendous faith in this country and its. recuperative powers,” said Mr. Bruxner. “But I do hope that people who are not intimately associated with land matters will not get an idea that a recent rise in the price of wool means that we can return to the extravagance which existed before 1929. That rise is of tremendous value. It gives us a real chance to move a further step along the road to recovery. But it is not an invitation to run wild. Some people seem to think that it is. and they have indulged in the luxury of a strike, just wheu the wool season is at its busiest. Strikes did enough harm when conditions wore buoyant, but to-day we cannot afford them. Ultimately they come back on the shoulders of everyone.” Mr. Bruxner said the Government would be making further concessions to primary producers. “The Government makes no apology for the policy it has adopted of giving everp possible assistance to the primary producer,” be said. “We are satisfied that the surest way to bring about national recovery is *o make it possible for the man on -.he land, soldier or civilian, to pay his way. Much relief has already been given-. The amount of unemployment throughout country districts is a mere nothing compared with what it was, and compared with the unemployment iu the big industrial centres. The Government has reduced the rate of interest to all Crown debtors, and has arranged for funding of arrears free if interest, and for the reappraisement *>f values. I realise that sometimes ibis work goes more slowly than we would like, but it is necessary that the work should be done in a way to give finality. These things have cost the Government and the people much money, but again we make no apology, because it is well spent, aud wo got it back in continued production. “The conversion of our loans overseas at reduced interest rates has been of very material advantage. It has enabled us to give some relief, and will probably enable us to give more. The position is brighter, also, because of some change in price levels. I think we can look forward to a further recovery. When the Premier delivers his Budget speech I think your will find, all of you. that you will get some further relief, and that, the Budget will be of a character to assist business. In my own department, relief lias been given iudhe way of reduced freights