NEW ZEALAND'S EXAMPLE.

New Zealand Herald, Volume LXVII, Issue 20716, 8 November 1930, Page 13

NEW ZEALAND'S EXAMPLE.

MEETING THE DEPRESSION. LESSON TO AUSTRALIANS. [from our ows correspondent.] SYDNEY. Oct. 30. If Australia would only follow the example (bat is being set by New Zealand, it would recover more quickly from the current depression than will otherwise be the case. That seems to sum up the views of various travellers who have recently arrived in Australia after a tour of the Dominion. Quite a number have given nothing but praise for New Zealand, notably Mr. J. 1. Grose, general manager of the National Bank of New Zealand, in Wellington. He says that New Zealanders are meeting the situation in the r 'Bht spirit and although conditions are bad to-day, and may become worse, he is confident! that New Zealand will be one of the first countries to emerge from the depression triumphant. _ Another notable expression of opinion comes from an Australian, Dr. A. J. Ross, of Brisbane. He said that all New Zealanders realised that world conditions were no longer as favourable for export as before. As a country dependent a great deal on her exports, th« Dominion determined to export greater quantities, so that tho fall in prices would have as little adverse effect on the national income as possible. Prices for most, commodities in New Zealand were higher than they were overseas, says Dr. Ross, but the people realised that sacrifices were necessary, and had settled down to bring all production costs lower by increased efficiency and greater output. If Australia, followed the same course there would not be so much talk of depression and the country would not be described as " verging on the state of some of tho South American Republics." Sir Ofto Niemever, snid Dr. Ross, had created a fine impression in New Zealand. He. was welcomed as n man who had come to help the country And not to instruct or command. It- was a great pity that that attitude had not. been general in Australia.