DEPRESSION TEMPORARY

Taranaki Daily News, 14 November 1930, Page 9

DEPRESSION TEMPORARY

‘FUTURE RICHER THAN PAST’ MR. J. G. COBBE SHOWS OPTIMISM. SUPPORT FOR INDUSTRIES URGED. By Telegraph.—Press Association, Wellington, Last Night. “I do not think the depression will last long. I have seen bad. times before in New Zealand and I have noticed that the New Zealander seems to revive in a very short time. We have a most energetic and enterprising people with plenty of initiative and there is no need for pessimism. The depression is only temporary and I believe the future will bo richer than the past.” The Hon. J. G. Cobbe, Minister of Defence, was speaking to the Wellington Manufacturers’ Association to-night. The Minister, who was present in place of the Hon, -P. A- de la Perrelle, Minister of Industries and Commerce, at the annual dinner of the association, congratulated the association upon its progress. The manufacturers were now doing more publicity work and were showing the people of New Zealand that there was no need.to go to America, Germany or anywhere else for the goods that New Zealand < made. One of the ways to relieve unemployment was by assisting their own industries and _so providing employment. While farming was the chief industry they could not aL bp farmers and all did not want to become farmers.

The Minister quoted figures of factory production for 1929 showing how greatly it had increased. Manufacturers had good reason to be proud pf such a fine record. Business in New Zealand was not as good just now as they would like it to be and the prices of primary produce were low, but he was sure the depression would not last very long.’’