N.S. W. TRADE

Hokitika Guardian, 1 June 1935, Page 5

N.S. W. TRADE

GENERAL UPWARD TREND

(Australian Press Association.)

SYDNEY, May 30

The Premier (Mr Stevens) said that conditions of industry in that State were steadily improving. He said that in every essential the trend was upward and the cumulative effect must »e highly beneficial to the whole community.

“Tlie value of sales registered wholesalers for .March, for example,” lie said, “had risen from £9,640,000 in 1931 to £12,390,000 this year, the highest for fifiat month in any year since tin' sales tax was introduced. Tho sales for March, 1935, were not only 30 per cent hotter than those for March, 1932, hut also UR per cent, above those for March 1931, despite the fact that successive legislative changes had reduced the number of wholesalers, and thus the proportion of wholesale trade covered by the returns.

"Hie same pleasing progress is seen in all other directions Savings Rank deposits in New South \\ ales increased l,y £2.623.457 durng the year ended April 30 iast, in striking contrast with the position in 1932, when they decreased by mope than £1,000,00* unrino- April alone. “The value of factory sales and the number of employees tor March were greater than those for .March in any year since 1930, and the amount paid each week in wages in -18 large factories had increased greatly. The aggrent value of all building const; notion authorised in the metropolitan area during Aor i i was £733,133, compared with £522,-181 for February, and only £98,000 for April 1932.

“Wireless licenses are steadily increasing in number. On April 30 there were 273,854 in existence, an increase of 61,406 for the year. In April 30, ]932, the number was only 135.014. Gas and electricity consumption shows the same upward trend, for the index monthly sales for April was higher than for the corresponding month of any year since 1929. Tn every essential the trend is upward,” ;;