AN UPWARD TREND

Wanganui Chronicle, Volume 80, Issue 274, 18 November 1937, Page 9

AN UPWARD TREND

1 AUSTRALIA PROSPEROUS. MANUFACTURER’S COMMENT. AUCKLAND, Nov. 16. Reports of prosperity in Australia made frequently by visitors from the Commonwealth were confirmed by Mr. N. E. Sheppard, a Melbourne manufacturer, who was a through i passenger for San Francisco on the Mariposa, which arrived at Auckland 1 yesterday. Mr. Sheppard said that i unless alarming developments •in Europe intervened it appeared as though the Comonwealth would enjoy I a good period of prosperity. ' Referring to conditions in the manufacturing business, Mr. Sheppard laid the manufacturer in Australia ‘-..as assisted by high tariffs on imports. In that respect he understood Australia was in a better position Jian New Zealand. Secondary industries had been affected in Australia by .egislation in the past much after the manner in which New Zealand manufacturers were now affected by new I labour laws, but after a time there [was a levelling-out process and inIdustry was not retarded for a length J of time.

“Australia has been fortunate in a (Prime Minister of the calibre of Mr. •Lyons,” he added. “He took the country through a difficult period in an excellent manner. With most districts recently experiencing rain, there is every indication that we will have a good season to give an impetus to the general improvement.”