BUSINESS RECOVERY

Poverty Bay Herald, Volume LX, Issue 18192, 13 September 1933, Page 10

BUSINESS RECOVERY

OPTIMISTIC TONE JAPAN AND AMERICA “There is no doubt whatever that there is an optimistic tone about business in the Old Country,” said Mr A. E. Armstrong, managing director ot Armstrongs, Limited, of. Christchurch, who arrived in Wellington on Saturday after a business trip round the world, i “This i was able to gather not only as an observer in the ordinary way, but. from those with whom I had business dealings. Business was certainly better with most of the manufacturers concerned in drapery lines, and they looked forward to returns for this year being considerably ahead of those for tho past two years. It has been a very hot summer in England, and tins gave quite a. fillip to the lighter class of summer wear, the designs of which were really most attractive.'’ I “In America on my way home 1 found things pretty bad,” said Mr. Armstrong. “But. even there I detected a spirit of better times coming. Even if local trade is partly restored under the national recovery scheme, the major industrial problem will still remain uni solved. Mr. Roosevelt had a great chance of doing something big at the recent world conference, but he torpedoed the whole business at an curly in the proceedings, and the vast expenditure entailed in summoning that great congress went for nought.”

I “People may smile at the mention ot war between Japan and America, but they would not do so if they visited the States at the present time. Recently, the whole of the American fleet was brought through the Panama Canal to the Pacific, and is now stationed at Ban Diego (Southern California) and f Hawaii, which has never before ueen ' the ease in the history of tho nation. | personally saw a parade of 10,000 American marines in San Francisco. It was a very impressive sight, and all San Francisco was very excited about it. The Japaneso still resent the restrictions placed upon their people by tho United States Immigration Department, and all through the States Japanese have been replaced in the hotels by Filipinos. Experts have been telling us for years that the next big world trouble will be in the Pacific. It looks as though their deductions may not have been so far-fetched as some of us may imagine.”