DEPRESSION TEMPORARY.

New Zealand Herald, Volume LXVII, Issue 20721, 14 November 1930, Page 12

DEPRESSION TEMPORARY.

OPINION OF MINISTER. VALUE OF LOCAL PURCHASING. [BY TELEGKAPII.—PRESS ASSOCIATION.] WELLINGTON, Thursday. " I do not think the depression will last long. I have seen bad times beforo in New Zealand, and I have noticed that tiio New Zcalander seems to revive in a very short time," said tho Hon, J. G. Cobbe, Minister of Defence, at the annual dinner of the Wellington Manufacturers' Association this cvcningl " Tho depression is only temporary, and I bclievo tho futuro will bo richer than the past. Wo have a most energetic and enterprising people, with plenty of initiative, and there is no need for pessimism." Moro publicity work was being dono and they wero showing tho people of New Zealand that thero was no need to go to America, Germany, or anywhere elso for tho guods that New Zealand made. One of tho ways to relievo unemployment was by assisting (heir own industries, and so providing employment. While farming was tho chief industry, they could not all bo farmers and all did not want to become farmers. Tho Ministor quoted tho figures of factory production for 1929, showing how greatly it had increased. Tho manufacturers had good reason to bo proud of such a fine record.