BRIGHTER PROSPECTS.

Otago Daily Times, Issue 21244, 27 January 1931, Page 9

BRIGHTER PROSPECTS.

BANK MANAGER’S VIEW. TURN OF THE TIDE IN MAY. (Special to Dailt Times.) AUCKLAND, January 26. “ When I left America there was an undertone of improvement in commerce which was very gratifying to see, said Mr Frederick.!'. Norris, vice-president of the First National Bank and the Bay County Bank, Bay City, Michigan, who arrived by the Aorangi, en route to Sydney. "I believe that things financially will start to look up in May. Jhe improvement after that will not be rapid, and for years the price level may not be so high as it has been, but times will not be anything like they are now. A vigorous advertising campaign in America is, in Mr Norris’s opinion, what New Zealand needs to encourage the tourist trade. “Ninety per cent, of the people in the block where I live close their houses and go away for the winter vacation every year,” he said, “ but where do they go? A great many never think of going further than Honolulu, but that is only because nobody urges them to go anywhere else. There is a great opportunity for New Zealand there.”