BRIGHTER OUTLOOK

New Zealand Herald, Volume LXX, Issue 21640, 4 November 1933, Page 10

BRIGHTER OUTLOOK

. SIGNS OF IMPROVEMENT PRIME MINISTER'S OPTIMISM [BY TELEGRAPH —PRESS ASSOCIATION*] CHRISTCHURCH, Friday Quiet optimism regarding signs of recovery was expressed by the Prime Minister, Rt. Hon. G. W. Forbes, _ in an interview on his arrival from Wellington this morning. " Signs all round us are very encouraging, and there seems to be general improvement," said Mr. Forbes. "Our wool and meat prices are showing that, and are going to make the position much better for business throughout New Zealand. It is a far more hopeful outlook than there has been for some time, and a good deal of work that has been held up for the past two or three years is now being undertaken. People are more confident, and are prepared to tackle jobs which they had left over."

Mr. Forbes said it was not possible to do anything along the lines of taxation reductions this year. That was one of the things the Government was \xry anxious to do as soon as there was sufficient indication that it would he justified in taking the step, but it had not yet reached that position. Referring to taxation reductions in Australia, thf- Prime Minister remarked that it should not be overlooked that Australia felt the depression before New Zealand, and had imposed very heavy taxation at tho time. Even with the reductions madp taxation there was still heavier than in New Zealand.