BRITAIN’S DIFFICULTIES

Poverty Bay Herald, Volume LIX, Issue 17956, 7 December 1932, Page 3

BRITAIN’S DIFFICULTIES

RECOVERY ASSURED VIEWS OF A MAGISTRATE The firm conviction that England will come through her present difficulties and emerge triumphant, showing the world that a policy of scrupulous honesty must pav in the long nut, was expressed 1 -by Mr. A. M. .Mowlem, S.M., of Napier, who returned by Hie Ruahine from a holiday trip abroad. Even though her currency-, measured •in gold, bad fallen tremendously,- England was still regarded as a. pillar of financial strength on the Continent, Mr. Mowlem said. Foreigners knew England’s word was always lufr bond) and it was hardly conceivable that her attitude in regard to war debts'would merely go for naught. "I am firmly of opinion that Britain will pull through the present. crisis,” said Mr. Mowlem. Mr Mowlem said there were no visible evidences of depression in London. The theatres and picture shows appeared to be full always, and people seemed to have, plenty of money to spend still on racehorses and beer.