SLACKNESS OF TRADE
WOBLD-WIDE COMPLAINT UNEMPLOYMENT PKOBLEM (Special to the Herald.) AUCKLAND, this day. M When one considers the conditions obtaining in other countries, New Zcalanders should have no reason to be depressed over their unemployment problem." This statement was made bv Mr. C. F. Bennett, who returned to Auckhwa by the Aorangi after an extended trip abroad. The impression be gained was that the world had not yet recovered from the period of trade depression, and that unemployment was still a serious problem. "I visited 25 countries during my tour," Mr. Bennett said. "With few exceptions there were general complaints about slackness of.trade, and in consequence there were thousands of unemployed almost everywhere. This even applies to the United States, a country which has such a great reputation for prosperity. Even where trade was booming a year or two ago Mdtb. massed production in highlyorganised secondary industries it is generally admitted to-day that supplies are in excess of demand. Unemployed lists arc growing instead of diminishing."
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17146, 31 December 1929, Page 7
Word Count
167SLACKNESS OF TRADE Poverty Bay Herald, Volume LV, Issue 17146, 31 December 1929, Page 7
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