MR HOOVER SENDS WORD TO AUSTRALIA

Star (Christchurch), Issue 19236, 25 November 1930, Page 1

MR HOOVER SENDS WORD TO AUSTRALIA

DEPRESSION CANNOT LONG HINDER HER. (United Press Assn.—-By Electric Telegraph.—Copyright.) (Received November 25, 8.35 a.m.) WASHINGTON, November 24. President Hoover gave to Mr Brookes, former Trade Commissioner for‘Australia, a message to Australia *on the occasion of the CommissionerGeneral’s visit to bid the President good-bye. He said: “Australia’s future is certain. The present depression cannot long hinder her. Her problems as a primary producing country are more easily soluable than if she were converting a country dependent upon imports of raw products.” He expressed keen interest in the affairs of the Commonwealth. N.S.W. IMPORTS SHOW SATISFACTORY MOVE. READJUSTMENT OF TRADE BALANCE IS IN SIGHT. (Received .November 25, 11.30 a.m.) SYDNEY, November 25. Imports into New South Wales during October show a satisfactory movement towards the adjustment of the trade balance, compared with October 1929. There is a decline of £2,416,727, representing a fall of approximately 48 per cent. PUBLIC MUST SUPPORT RAILWAYS, SAYS EXPERT. (Received November 25, 11.30 a.m.) SYDNEY, November 25. The Chief Railway Commissioner, Mr Cleary, stated that for the last five months of this year rail losses each week were £70,000, but in the last few weeks the losses jumped to nearly £IOO,OOO. He warned city folks that unless they backed the services a bad day of reckoning would come. The Transport Trust expressed satisfaction at the effect of the recent introduction of concession fares on the tramways. A large number of additional passengers had been carried. The chairman of the Trust said that they did not favour penny fares. The Auckland City Council gave this system a trial, but abandoned it after six weeks. GOOD RESPONSE TO LOAN DURING FIRST WEEK. (Received November 25, 11.30 a.m.) SYDNEY, November 25. Subscriptions to the Commonw’ealth Loan for the first week totalled £1,797,050 from 1233 applicants.