AUSTRALIAN AFFAIRS

Poverty Bay Herald, Volume LX, Issue 18067, 19 April 1933, Page 11

AUSTRALIAN AFFAIRS

AN OPTIMISTIC VIEW Optimistic views of the economic outlook for Australia, and particularly of the future of Newcastle, are entertained by Mr. J. Hogan, woolbroker and stock salesman, of Newcastle. Mr. Hogan, who was born within a few miles 01 Auckland, but who has lived for the last 40 years in Australia, has arrived at Auckland on a trip to recuperate his health. He is largely interested in sport. • “I think wo are over the last hurdle now/’ said Mr. Hogan, “and it looks as if the future holds something good for us.” Generally speaking, Newcastle had gone through one of the most tragic financial periods of any part of Australia. Shipping, however, had' become very brisk recently, and large amounts of coal were being sent to the East. Another most important trading factor was the huge quantity of wheat and flour being dispatched to Hongkong, Shanghai, and Japanese ports. This was no doubt & result of the hostilities between China and Japan that first broke out at Shanghai. It had been a great help to New South Wales wheatgrowers.

Regarding the future of Newcastle, the Broken Hill Proprietary Company was establishing large subsidary works, a hide manufactory and a huge tin plate works at Broken Hill, which were expected to be ready at the end of the present year.