WORLD OUTLOOK.
MR, HOOVER'S SURVEY. AMERICAN PR OSP E-RTTY. fAustmlinn and N.Z Cable Association.) (Received Jan. 2. 10.5 a.m.) WASHINGTON, Jan. .1. Mr. Hoover has issued a statement, reviewing world conditions in 1923. The Western Hemisphere, Asia, Australia, and Africa are achieving a high decree of economic recovery, but the chief sore spot continues in EuropeRussia is slowly progressing, with the gradual abandonment of communism and socialism, and if it is possible to reconstruct Germany's financial position and secure such assistance for France as to stabilise, her, then the world will have entered a period of great hope and promise. "The prosperity outlook for 1924 is favorable," he 'states. "Our own country has exhibited extraordinary strength and progress. _ We have balanced our Budget. We have \a stable currency, high production, accompanied by a big proportion of consumption and savings, \vith an absence of speculation, extravagance or inflation. American exports for 1923 totalled forty-one hundred million;, and the 'imports thirtyeight hundred .million dollars.
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Poverty Bay Herald, Volume L, Issue 16320, 2 January 1924, Page 3
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162WORLD OUTLOOK. Poverty Bay Herald, Volume L, Issue 16320, 2 January 1924, Page 3
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