CONDITIONS IN AUSTRALIA

New Zealand Herald, Volume LXIX, Issue 21328, 1 November 1932, Page 9

CONDITIONS IN AUSTRALIA

FARMERS' DIFFICULTIES NEW ZEALANDERS' IMPRESSIONS [by telegraph:—own correspondent] WELLINGTON, Monday According to Mr. Y. Eiddiford, who returned to Wellington to-day from Sydney, thei Australian farmer is experiencing bad times owing to the low export prices which are ruling and the fact that transport charges over long distances to saleyard;3 account for a large proportion of receipts. Iloweyer, the man oh the land is still optimistic and hopeful for a change for the better soon. The share market eased a little, Mr. Eiddiford said, but it seemed to him that prices of shares, - in relation to prices of primary products, were too high. Cheaper money was putting shares up to a certain extent. Mr. 0. M. Ollivier, of Christchurch, who also returned, said things appeared to be brighter in New South Wales than in New Zealand. When he was there in January and February last the country was practically in a state of revolt against the Lang Government, but now there was more confidence. Mr. Ollivier said the basic wage rates fixed by the Federal Coiu't of Arbitration, to como into operation on November 1, were as follows: Melbourne, £3 8s 6d; Sydney, £3 15s; Brisbane, £3 3s; Adelaide, £3 3s 6d; Perth, £3 6s; and Hobart, £3 lis 6d.