BOOST FOR AUSTRALIA

Feilding Star, Volume 8, Issue 2401, 10 April 1931, Page 5

BOOST FOR AUSTRALIA

BY AN EX-GOVERNOR WHO WAS A LABOURITE WORD FOR INVESTORS NO NEED TO WORRY POWER OF RECUPERATION NO FEAR OF REPUDIATION LAND OF GREAT PROMISE PACIFIC’S COMING POWER By TetegTrtph—Press Assn—Copyright (Amt. and. N.Z. Cable) (Received A prill H), 10 a.m.) London, April 9. Sir Thomas O'Grady interview* <1 nfc Southampton on his return after six years as Governor of Tasmania, said the world wide .financial depression had hit Australia, very hard. But there was no heed to- worry about (lip. exchxunge. He. had never before lived amongst people who, had such a quick power of recuperation. They were beginning to get to- grips on tjie problem, taking off their coats and rolling up. their shirt- sleeves. M ith (lie they are now making Australia will begin. to emerge, front their trouble about 1933. The idea of repudiation by the Commonwealth was absurd. He believed New Smith Wales will fall into* line with tho Commonwealth and every halfpenny owing would he paid in full. British investors had. no need to fear. The Australians as *a. whole had got ttanc, level heads. With 20 million inhabitants, which, ought to* be achieved within 20 yehrs, Australia will become tho greatest Power financially and industrially 7 in the Southern