ABSORBING MEN.

Manawatu Standard, Volume LIII, Issue 50, 26 January 1933, Page 7

ABSORBING MEN.

TIMBER TRADE OUTLOOK

BENEFITS FROM EXCHANGE.

WELLINGTON, Jaw. 25

Re-absorption in the timber industry in New Zealand of between 3000 and 4000 hands, as a result of the political manipulation of the exchange, is the confident expectation of authorities in the industry, who base their anticipations on the increase in the demands which have already been received from Australia.

One principal, in discussing the outlook, said to-day that there was no doubt as to the advantages the timber industry would receive from the increase in the exchange rate. Most encouraging inquiries were now coming to hand from the Commonwealth, and the trade generally was expected to be given an impetus which would have the effect of absorbing surplus production, keeping the mills busy, and providing for the employment of an increasing number of men. If expectations were realised —and he had every reason to believe they would be —employment would ultimately be available for upwards of 4000 men. In reply to a question, the authority said prices for timber locally could be expected to harden somewhat, but the increase would be slight.