FACING ECONOMIC FACTS

Taranaki Daily News, 6 May 1930, Page 11

FACING ECONOMIC FACTS

AUSTRALIA’S BIG EFFORT ' r ; ' j ’/ : :1

A VERY DIFFICULT PERIOD.

•COUNTRY WILL BE STRONGER (By Wire —Special to News.) Auckland, Last Night. “Whilst it is strictly true that Australia is passing through a very difficult period, I find that her position is being completely misrepresented by certain calamity howlers, who : regard every development through dark glasses. Australia is very sound and will; shortly occupy an even stronger position than formerly.” These remarks were made by Mr. Frank Goldberg, the pronjinent publicity expert, who is passing through New Zealand en route for the United States ’and. Great Britain.' j ' ...I;! :BpiL?. .of Australia’s high' : tariff wall, said Mr. Goldberg, he believed that overseas manufacturers would see the folly of loosening their grip, oil the areat Australian market. He was confident that when 1 they were confronted with the actual facts regarding the prevailing conditions they would give serious consideration. to the possibility of actually manufacturing within the Commonwealth.

“Already,” said Mr. Goldberg, “a number of British' and American :firms have made plans to do this, and it will be an important part of my present journey round • the world to induce others to follow suit. The Australian nation' is seriously facing economic facts. Everywhere the people are serious and determined in their intention to rehabilitate the nation’s in-, dustrial status. Communal and individual economy is universally evident; and the general realisation that increased production/ is absolutely, essential is being translated into actual practice. The” depression, which was naturally the immediate sequel to the Government’s drastic tariff plan, has now been replaced by widespread determination to make the very utmost of the opportunities provided ■by that plan. Australia is not enveloped in a fo<* of gloom; she has settled down to hard work, .and hard work is the world's finest antidote for pessimism.”