CONDITIONS IN AUSTRALIA

Poverty Bay Herald, Volume LV, Issue 17181, 11 February 1930, Page 7

CONDITIONS IN AUSTRALIA

COUNTRY WILL RECOVER TWO DEFINITE OPINIONS (Special to the Herald.) AUCKLAND, this day. “Money is certainly a little tight, but the country is solid and will soon make a good recovery. 1 have been through much worse times than the present, and have seen Australia make great recoveries.” Mr. 11. H. Cordon, director of Associated Newspapers, Ltd., Sydney, who arrived by tno Niagara yesteroay was tar t.om being pessimistic. /• *‘Vi here is a tendency,” remarked Mr. Gordon, “for people in giving statements to .the press to look on tho worst side of tumgs, and sometimes there is a tendency for them to be over-pessimistic. During tho crisis of 189 a things were a great deal worse than at present,” he stud, “and the country made a good recovery. ine country is much sounder now than it was then. “Australia is a country ot great potentialities,” concluded Mr. Goidon, “and it is able to make groat recoveries.” The welcome lains lecently experienced tnroughout the country would bring good results later on. There was also a tendency for wool to linn, ami this also was very encouraging. „ business and fishing bring •‘Mr. n. B. Phipps, vice-president of the Ohryslcr Export Co., on a visit to Now Zealand. Mr. Phipps,, who also arrived on ‘the Niagara, brings more optimistic news concerning tne state of affairs in Australia. Mr. Phipps docs not think things arc quite; so bad as many people thought. Good rains had recently been experienced throughout the country, ensuring plenty of summer and winter feed for stock. “Good rain put a sastlj different complexion upon Australia,” said Mr. Phipps, “and the country is capable of staging good recoveries.