CHEERFUL NOTE

Southland Times, Issue 22074, 22 July 1933, Page 5

CHEERFUL NOTE

CONDITIONS AT HOME. NEW ZEALANDER’S OBSERVATIONS. (Per United Press Association.) Wellington, July 21. Having just returned to Wellington after the most recent of his many business trips round the world, Mr F. Lindsay Ryan had some interesting observations to make to-day about conditions in England and the United States. In England, he said, manufacturers were cheerful, in fact he never found them so cheerful before. There was general confidence in the future and it was felt that last year’s Ottawa Conference paved the way for better times which, when they came, would be more permanent. Some factories were very busy and car factories were working twenty-four hours a day to keep up with the extraordinary demand for new cars. There seemed to be no apprehension of another war eventuating and upsetting things. “The future,” said Mr Ryan, “looks to me very hopeful.” In the United States Mr Ryan found that opinion on the war debts question was changing rapidly, although it might take a long time for a complete reversal of opinion to come about. However, leading manufacturers were now largely in favour of cancelling all debts, realizing that were this to be accomplished business would improve immediately.