REASON FOR OPTIMISM

Stratford Evening Post, Volume I, Issue 74, 6 March 1931, Page 6

REASON FOR OPTIMISM

IMPROVING WORLD MARKETS VIEWS OF MANUFACTURERS. ■ WELLINGTON, March 5. Presidents of the Manufacturing Association in the four main centres met at Wellington to day to discuss proposalso for an expansion of industry as a means of solving the unemployment problem. Another reason for the meeting being called by the president of the New Zealand Manufacturers' Federation, Mr G. Finn, of Auckland, was the sudden steepening of the depression and the need for devising ways and means of launching a optimistic campaign. ■ K ' In his, opinion, said Mr Finn, the increase in the depression was unwarranted for the position in relation to minerals. Primary produce was improving and the indications were that the world's markets were much more promising than they had been for the past six, months.. The other presidents, Mr I. Woolf, of Christchurch, Mr J. T. Spears, of Wellington and Mr W. G. Kindley, of Duncdin, were all in agreement with Mr Finn: and it was decided to take the necessary steps to launch a campaign. . , The meeting passed the following resolution: "That this federation genor ally appreciates the Prime Minister's determination to stay the economic drift and stabilise national interests." It was decided to forward a copy of the following resolution to the Institute of Architects: "This Federation respectfully requests that your institute stresses upon its members the present need of aiding the relief of unemplovmont by specifying materials of New Zealand origin and manufacture wherever possible.''