CONDITIONS BETTER

Feilding Star, Volume 9, Issue 3848, 3 October 1932, Page 5

CONDITIONS BETTER

Mr. Borthwick on Britain

THE MARKET OUTLOOK IS FI LL OF CHANGE NO DEFINITE DICTUM THOSE INDUSTRIAL COSTS (Per Press Ateociation). Wellington, October 3. A passenger wh© arrived here by the liner Hcamera yesterday is Air P. .1. II rtliwick, a director raf the iij-111 of Thomas Bortlnvick and Sons, J.fd.. (.owners of tile Feilding freezing works l ), win* ba s returned alter a ; ear’s absence. Mr Borthwick lived formerly in Chi istchureh, but intends to make Master ton his lutnre headquarters.

“Conditions generally in England are hot or,” said Air Borthwick in an interview, “but the market outlook changes rapidly l tics© days and i L is uliTicult, or unwise, to make definite statements. Naturalv, industries such as tho 'tee with, which I am associated have much to hope far a s a result ol' the Ottawa meetings. In the meantime, though busienss at Heme has improved, there is no denying that it has been bad and that til, re is Still need for much greater improvement. Costs m ust lie got d«*wn.” Wage reductions were being brought about in many industries, iu>v by concerted or national policy, but according to the dictates of cijcumstanoes in, individual cases, Mr Borthwick added. In some instances the reductions amounted t° 10 per cent. and in others to much more. Britain’s industrial problem in respect of wages was very much a

large-scale replica of New Zealand’s problem and, on the whole, the step 3 being taken and the effects of those steps were much the same.