ENCOURAGING SIGNS

Dominion, Volume 27, Issue 35, 4 November 1933, Page 6

ENCOURAGING SIGNS

Mr. Forbes Interviewed QUESTION OF TAXATION By Telegraph.—Press Association. Cliristchurch, November 3. Quiet optimism regarding signs of recovery was expressed by the Prime Minister, the Rt. Hon. G. W. Forbes, in an interview on his arrival at Lyttelton from Wellington this morning. “The signs all round us are very encouraging, and there seems to be a general improvement,” he said. “Our wool and meat prices are showing that, and are going to make the position better throughout New Zealand.” Mr. Forbes said it was a far more hopeful outlook than there has been for some time, and a good deal of work that had been held up for the past two or three rears was now being undertaken. People were more confident, and were prepared to tackle jobs which they had left over. It was not possible to do anything along the liiie of taxation reduction this year, he said. It was one of tlie things the Government was very anxious to do as soon as there was sufficient indication that it would be justified in taking the step, but it had not yet reached that position. Referring to the taxation reductions in Australia, he remarked that it should not be overlooked that Australia felt the depression before New Zealand, and had imposed very heavy taxation at the time. Even with the reductions made, the taxation in Australia was still heavier than in this country.