OPTIMISTIC OUTLOOK.

New Zealand Herald, Volume LXIX, Issue 21239, 20 July 1932, Page 12

OPTIMISTIC OUTLOOK.

FUTURE OF WORLD TRADE.

FOkTUNATE NEW ZEALAND.

WORK WILL BRING PROSPERITY,

".The world is already on the way to recovery and I think the Ottawa Conference is a good step in the efforts toward bringing about a general improvement in world economic conditions," said Mr. E. C. Morse, of Detroit, -president of the Chrysler Export Corporation, who in Auckland by the Zealandia from Sydney yesterday. Mr. Morse, who last visited New Zoaland in 1928, is at present on a world business tour and has already visited the Far East and Australia. Ho will leave again by the Zealandia for Australia on Friday and will then proceed to South Africa. " Perhaps the Ottawa Conference will provo very important for this part of the world," said Mr. Morse. " I have beard talk of hard times, but you in New Zealand are just so lucky 'you do? not know how lucky you are. I have seen some places in the Far East so badly off that you would not want to atop there overnight. This is one of the best little countries in the world. You conduct your Government and your affairs in a business-like manner and you are keen, shrewd business people. You have a wonderful country and climate, and are able to live* off your land in a nice, healthy way. " The world has got to get back to normal and that can only bo done if we take off our coals and get down to work. But everything will come right eventually. In the United States we do not liko the word ' depression.' Why, there is no depression. It is better to think that things are normal and that by hard work wo can bring about greater prosperity. The word ' depression ' should bo read as ' do press on.' "