WORLD OUTLOOK

Wairarapa Daily Times, 13 October 1933, Page 6

WORLD OUTLOOK

“ON VERGE OF A CATACLYSM.” AUCKLAND, Thursday. “In spite of the gleams of sunshine which make a rift in the clouds of world depression, we cannot be too optimistic about the immediate future so long as Europe and other parts of the world are again verging on a cataclysm and feverishly piling up armaments, and so long as the nations cannot, or will not, face the question of financial readjustments and rise above self-interest and narrow nationalism,” said Archbishop Averill in his charge to the Anglican Synod, which opened to-day. Ilis Grace said that the world could not escape from the problem of unemployment, the remedy for which lay not in decreasing production but in increasing purchasing power. We had passed beyond the stage of seasonal unemployment, and were face to face with endemic unemployment. Temporary expedients such as had been adopted in America might help to tide a country over immediate difficulties, but did they touch the real problem? Surely there must be some solution, if only statesmen, financiers, and economists had the moral courage to seek for it and translate words into actions. In a small country like ours it should be possible to make bold experiments, if only the politicians would put the welfare of individuals before party and work together for the common cause. His Grace referred to the cut in pensions, especially old age pensions, as in some ways the most distressing feature of all. He said he believed New Zealanders would gladly share the extra burden needed for paying them in full.—(P.A.)