NOTE OF OPTIMISM

Taranaki Daily News, 15 December 1932, Page 14

NOTE OF OPTIMISM

SPIRIT OF HOPEFULNESS. BUSINESSMAN’S FAITH. Auckland, Dec. 13. A definite note of optimism was the prevailing feature of an address delivered to-day by Mr. G. C. Creagh at the annual meeting- of the Auckland Stock Exchange. Summarising the events of the past twelve months, Mr. Creagh said: The year has been characterised by a growing spirit of confidence and hopefulness for the future. Speaking generally, and with due regard to the prevailing conditions, business was fairly satisfactory during the earlier part of the year, and ■ more recently, thanks to the growth of confidence, it has been remarkably good.” \ Mr. Creagh dealt with a number of subjects of special interest to investors, and ipade special reference to the rev|val of interest in gold mining. In regard' to oil, he said that recent developments on the Moturoa Company s property at New Plymouth tended to confirm the faith of those who for long had believed that oil would sooner or later -be ■ produced in large and payable quantities in this Dominion. . _ ■ Mr. Creagh referred to the delay of the Government in regard to the proposed legislation for amendment of the Companies Act for better protection. of investors, and also stressed the inequitable and cumbersome system of stamp duties on overseas transfers.