PRAISES SUNG

Northern Advocate, 3 May 1934, Page 5

PRAISES SUNG

NEW ZEALAND CREDIT. STILL . HIGH AT HOME. (Per Press Association.—Copyright.) WELLINGTON, This Day. Mr T. H. Easdown, manager of the Auckland branch. of : the National Bank Of New Zealand,' has just returned from a visit to London, and is staying in Wellington for a day or two before resuming'his duties in Auckland. He also Visited the United States, Canada, France and’Australia. .In an interview Mr Easdown said New Zealand’s reputation in London was as high as -ever it was. It was fully and sympathetically recognised that we had our own domestic problems to solve, and were honestly trying to do so. The people he met were not disposed adversely to criticise the moans adopted. Australia’s efforts were warmly commended, arid the “city” seemed very pleased with what had been done by the. Commonwealth to put its house in order. There was certainly a trade revival at Home, but whether the Improvement had staying power ho was not prepared to ,say, Britain had to look to the export trade for permanency of improvement. It was not only markets that had to be discovered and I developed, but the purchasing power of the people in those markets had to lie taken into account. Mr Easdown spoke of Australia, saying that business was in much better heart than when he was there In 1932. In regard to Mr Roosevelt’s work in America, .Mr Easdown agreed that his method was costly., Financing,, however, was done by raising loans taken up by banks and similar institutions. By 193 ahe said the United States public debt would not amount to the sum of the British public debt, and it was all Internal and carried by 130.000. people, compared with 40.000. in Britain. Mr Roosevelt was satisfying those who were clamouring for something to be done and time would show if his actions were effectual. Mr Easdown’s visit to Paris sychronised with Ihe riots, which he said wore much more serious than the. French Press allowed, because of the tourist traffic. He went to the Riviera, whose deserted resorts showed how the rich were rich no longer.