HAIL THE NEW YEAR!

Gisborne Times, Volume LXXIII, Issue 12140, 30 December 1933, Page 5

HAIL THE NEW YEAR!

MR .COATES REVIEWS PAST 12 ' MOiNffES W• v . VTO-

I>EFINITE OF IMPROVE- ' } ", ’■ 6 ‘ - hairy prices- Alone; lAg (Press Associatioul A- - A X.- -t .A’ A ■ ‘t*- • A ... : HARGAVIRLE, .Hpc..-29. In x New. Year message, Mr Coates, Minister of Finance, states: H" ■ “The year .1933 has been a strep-, novis' one.. It has not been without its disappointments-, but, on thewhole, this Dominion' can reason-* A ably rpgattd, (with satisfaction, the .progress that has been made towards, recovery Let us look at the revenue and expenditure , figures for the eight months ended November.llO-/ The irevenue amounted iq 1,629,066,. which was £l,- , $71,000- 'greatei; than was received |qr. the hoirresponfhhg period of iast year.-It is encouraging tP note .tliat-j quite apart from new taxes, the revenue was . up nearly .£2po,y.' OOQ.' This'.meanstliat ' business is - improving desipte somewhat heavier taxation. <3ii the expenditure slue, there js £2o3 } Uol> less .than ’ uuiuig xrie ccM'iespUhthiig peruiu tor lust year, i- the buoyancy 01 revenue a,: piisteinpu- \\q suouiuha .anno to improve on Vuq picture puti.ned .m iu*s Buugec auu lying tdiO ye hr as uenert to mss uuau Uncicipateu, xnis 45 uw uegiiuinig hii the -econuime approuen mj tuuge.tary pyuruoiiUiii. -idle Uxiiee ngures uei-ooitu uiiu withuuawais- snow unit ; the commuiuty nave ueunUe-y get • bacii tueir coimuence aim nave car tauiiy inure ' money a-t taut v-> speuu., j*yr tiie nmq niquins enueu hiecemopi* hi, iyoa, tno exce& o or witnuraiwa.s over uei>osits was ; ajjt.V i/'hjOUo l j 'itr tne catenuar yea*Tbb2 tnq excess or withdrawals, was / £5,700,1,45; Tor 4-933, , it is sate to say that the deopsits exceed withdrawals by .^UUOjipOO. ' title Custdiys reveiiue, so far collected during the present financial year A (up : tp isbveuiber 30), amounted to. £-±,123,000, an iiiorease of £146,000 over the figure . for rast year. From Junq to November normally, is the Slackest season of the year. The sales tax receipts increased month by month, .winch is another indication of tile revival of business. At the March and April wool sales, crossbred wool averaged 3id to per lbRecent, prices tor this type of wool are up to 9£d per lb. ijiie wools have been up to 18d per ib. and over. Lamb prices per lb, have increased since December, 1932, /from 4pi to did. Wether mutton during the samp period has gone ' up from 2£d per lb, to 4jd. These increased prices should be an miluential factor in the' industrial revival.- The unemployment figures also, show some indication of improving conditions. Applicants for work qn the registers of the Government eniploymeiit bureau were . 53,0-14 in iSeptenaber; 50,940 in October, and 46,950 in November. In tbe prices realised for dairy produce, yve liave one major example where. the. improvement is- not shown. Our efforts to reduce costs, improve quality and search for markets, and adjust the indusry to ciianging circumstances must

not be relaxed.” “The mercantile and trading .-community are almost unanimous ■ in noting the improvement in business conditions during the last six months. Merchants have definitely been moire cheerful and optimistic- Wholesale prices of locally • produced commodities have risen during the past year, yet, despite the rise in prices in -other directions, . the. cost of living figures are: November : ; 4.§32, 806; November 1933, 800. Railway returns are an excellent barometer of , the movement off trade and industry [within a community. The upward tendency shown during 1932 has been not only maintained butsubBtaijtiaiby improved upon in 1933. Tourist Department bookings are -reported a? excellent. This should give material help to traders in the Dominion. The overseas trade figures for the 11 months ended November 1933, ax - e £37,187,000 for our exports —an inorease of about £3,500,0C)0. ■, Trade ' agreements have been ’ effected with Australia and Eeigium. ; In the latter country lower -rates. of duty on cheese, apples, and other articles have been secured. It will be seen that trade opportunity of some magnitude .has been;..openec. 1 to our expotters,. It remains fo): lf<?w Zea landtraders, in cb-op'eration iwi'th the government, tp take advantage of this. Indications are all for the better with the exception of dairy produce pi;ioes. Aix .Improvement in this great industry will pipy a vital papt m providing employment- , • “This is all very encouraging, Rut let us mot deceive . oursplves 1 tli'pi) all is well. TTiero are many difficult problems to arid it will ' requite steadiness and determination to l overcome them.. While New Zealand has >this body' of, men' and women seeking .employment, iwe cannot be. satisfied with the' position of this Country. The obtaining of brium is one method 0f... providing a solid l basis for improved cond.ittions. But there is more,; to Be done and we cannot rest. until ; the way is ; made clear for all to find , permanent work*. , - <‘Tn copciusmn jl wish,,.to.convey ■ ' : &>)T '■■•{?< PrQpperous ’ New . Year.” - •