SYDNEY RECOVERS.
DEPRESSION ALMOST PAST WELLINGTON, July 2. “In two years’ time it will almost be forgotten that there has been a depression,” said Sir James Murdock, a prominent Sydney business man referring, to the progress of recovery in the New South Wales capital. Sir James considered, however, that extravagant expenditure should carefully guarded against in the future, and that efforts should directed a Inna the line of reproductive works. The return to .better times in New South Wales was largely due to the reappearance of sane government. •Sydney’s building returns provided an excellent illustration of the progress of recoverv.
During the worst years of the depression new buildings had decreased in value from £19,000,000 to an average of £3,000,000, but the latest returns show a rise- of £8,000,000-
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Hokitika Guardian, 3 August 1935, Page 7
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129SYDNEY RECOVERS. Hokitika Guardian, 3 August 1935, Page 7
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