AN EARLY RECOVERY?
“ Do I think there is going to be an early recovery? Well, that is a question which should, perhaps, be addressed to a professional economist. I am only a cocoa manufacturer,” says Mr Seebohm Rowntree, in an Observer interview. “ I shall be disappointed, however, if the lowest point in the present cyclical depression has not been reached before the end of 1931. There are just the faintest perceptible signs now in certain direction that bottom is in sight. For the first time in eighteen months the fall in commodity prices has slackened. The question that all of us are asking is, shall we be able to take advantage of the world recovery when it comes ? I mean, have we been successful in putting our house in order during the depression? In a sense, of course, the answer is emphatically in the negative. If we had been successful in putting our house in order we should not have seen the modified depression in 1927-29, when world trade generally was good.”
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https://paperspast.natlib.govt.nz/newspapers/WAIPO19310728.2.10
Bibliographic details
Waipa Post, Volume 43, Issue 3328, 28 July 1931, Page 3
Word Count
172AN EARLY RECOVERY? Waipa Post, Volume 43, Issue 3328, 28 July 1931, Page 3
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