BRIGHTER OUTLOOK

Wanganui Chronicle, Volume LXXXIII, Issue 20107, 28 March 1928, Page 7

BRIGHTER OUTLOOK

/ DOMINION FINANCE MINISTER S SPEECH AT STRATFORD JUBILEE £ Per Preaa Association. ] STRATFORD, Alarch 27. The celebration of the jubilee of the settlement of the Stratford district

was successfully commcncui to-day with a luncheon to the pioneers. The function was very largely attended by old residents.

1 reposing the toast of the pioneers, the lion. j. A. Young (Alinister of \ Health) said that while honouring the pioneers, the present generation .should recognise that there was work for them to do. They should not look too much to the Government for help a{ uas the present tendency. Young pco* pie to-day should cultivate the selfreliance of the pioneers. So far as the country generally wa< concerned the last two years ha< been distressful, but they were leavr ing the slump behind. That slump not confined to New Zealand, but wM due to causes with world- wide genan< tion.

New Zealand had been caught a balance of trade against her, ityft Government had called up reserves the result had been that industry wm interfered with and unemploymeaflhad been rife. When the latest ures were published it would be that the country was getting back the right side of the ledger. ,t j The season had been an excetlenA one despite the nirought. The soureeft for dairy produce were good and thirty was a record demand for wooL As <- result of the improved outlook money would be more plentiful, but it wo still necessary to get the bank interest rate cheapened so as to free mor# hioncy for development work.