MORE HOPEFUL OUTLOOK

Poverty Bay Herald, Volume LX, Issue 18236, 3 November 1933, Page 8

MORE HOPEFUL OUTLOOK

PREMIER OPTIMISTIC MANY ENCOURAGING- SIGNS (Pur Press Association.) CHRISTCHURCH, this (lay. Quiet optimism regarding signs of recovery was expressed by the, Rt. Hon. G. \V. Forbes in an interview on' his arrival from Wellington this morning. “The signs all round us are very encouraging and there seems to be a general improvement,” lie said. “Our wool and meat prices are .showing that, and are going to make the position belter throughout New Zealand. It is a far more hopeful outlook than there has been for some time, and a good deal of work that has been held up ror the past two or three years is now being undertaken. People are more confident, and are prepared to tackle jobs which they had left over."' Mr Forbes said it was not possible' to do anything along the lines of taxation reductions this year. That was one of the things the Government was* virv anxious to do as soon as there was .sufficient indication that it would be justified in taking the stop, but it had not yet reached that 'position. Referring to the taxation reductions in Australia, he remarked that il should not be overlooked that Australia felt tin' depression before New Zealand, and had imposed very heavy taxation at the time. Even with the reductions made there the taxation was still heavier than in this count rv.