DEPRESSION AVOIDED
JAMAICA SAVED BY BANANAS At least one corner of the world has iscaped the dutch of depression. Jamrica s banana export is maintaining the prosperity of. that usland despite the fact Hiift there is to-day little, profit in sugar. ..This...statement was, made by Mr. M. 11. Penfold, bn Australian, who is returning home, in the Tainui after a business visit to Jamaica. “The trouble is that Jamaica is 'definitely not. a white man's, country,” lie remarked in Wellington. “There are few opportunities for those who have a standard .bf living to maintain, colored labor of all kinds being so cheap and plentiful.’’: ii , • I Nowadays, Mr. Penfold said, Cuba was the big sugar country of South America, ;tnd, in consequence,, was, feeling acutely the effects of depressed prices. Jamaica, with her more varied products, including excellent bananas, whichjound. a ready market both in Fiigland and the. United States, was, avoiding the difficulties of hh« times ■/. , <■„ . ..
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Bibliographic details
Poverty Bay Herald, Volume LIX, Issue 17918, 24 October 1932, Page 11
Word Count
157DEPRESSION AVOIDED Poverty Bay Herald, Volume LIX, Issue 17918, 24 October 1932, Page 11
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