DOMINION'S FUTURE

New Zealand Herald, Volume LXIX, Issue 21342, 17 November 1932, Page 12

DOMINION'S FUTURE

RETURNING PROSPERITY

THE PRIMARY INDUSTRIES

LORD BLEDISLOE'S OPTIMISM

[BY TELEGRAPH—PRESS ASSOCIATION]

LEVIN. Wednesday

Jn the course of reference to the position of primary industries made during an official visit to Levin, the GovernorGeneral, Lord Bledisloe, said there was no reason why tho good dairy farmor should look depressed to-dny. It was quito true, said His Excellency, that the level of prices of butter and cheese in tho Old Country had fallen, hut the good farmer, by the application of scientific and more intensive methods, was enabled to hold his own. lie could obtain, not a paltry 801b. butter-fat to the acre, which was tho Dominion average, but 2001b. or 3001b., or even 5501b. an aero. Lord Bledisloe said lie was well aware that those engaged in producing meat and v. ol wore having a very difficult time. ' But these times will surely pass away, and will do so more quickly if wo have courage and hope, and are prepared to face realities," he. said.

His Excellency confessed that during tho first six months of his sojourn in New Zealand ho was gravely concerned regarding the future of the Dominion and its solvency. He had no fears to-day, although the position was far worse than it was then, because the peoplo now realised the position both here and in the Old Country. Prosperity induced a certain measure of extravagance, and people did not realise the dangerous trend on which they were embarked. To-day the position was infinitely better, and largely because the Government had taken courage in both hands and, however distasteful in might be, had made it clear that, to avoid national insolvency and to ensure an early return of prosperity, nations, like business men, must do business on business lines and be careful not to live beyond their means. The whole country to-day had to concentrate on that and stabilise its position, without depending on borrowed money until better times come, said Lord Bledisloe. He was a confirmed optimist so far as the future of this country was concerned.

"DAWN Or NEW ERA "

A MINISTER'S BELIEF

[BY TELEGEArH—PRESS ASSOCIATION']

CHRISTCHURCH. Wednesday

" These are not days in which wo should allow our hearts to become depressed because depression breeds despair," said the Rev. M. A. Rugby Pratt, president, speaking at tho Methodist Synod this morning. The speaker expressed the belief that the depression marked the dawn of a new era of prosperity. Its evolution depended on how the issues of the period of transition were faced.