NO PLACE LIKE NEW ZEALAND

Waihi Daily Telegraph, Volume XXXIV, Issue 8849, 30 November 1935, Page 4

NO PLACE LIKE NEW ZEALAND

I SAYS RETURNED TOURIST TRADE RECOVERY ABROAD j After touring through North America, Great Britain and Australia, Mr Morton Paterson, of Welling, ton, who returned to New Zealand by the Wanganella last week-end, said that he was satisfied that there was a. g.-w arc ’ trade recovery and that com,.wons were going to be very much better in the near future. The American market was firming and that was having a good effect on Canada and would be reflected elsewhere. Although Mr Paterson is a native of Canada, his nine years’ residence in New Zealand has convinced him that the southern Dominion is the best place in the world, and he told a “Post” reporter that he would not like to return to Canada to live, although he enjoyed his holiday there! Mr Paterson went first to Los Angeles and then visited Canada, going from there to Great Britain. EUROPEAN SITUATION He returned via Suez and Australia, passing through the Mediterranean about six weeks ago. When asked to comment on military and naval activities there he said, “If I told you what I saw there you would not be allowed to publish it.” The European situation appeared very grave at that time, he added, but had evidently improved since and consequently he considered it inadvisable to comment on the concentration of forces. Great Britain deserved great credit for the stand she had taken to preserve the peace of the world. Mr Paterson, who was accompanied by his wife and family, said that during the three and a half months he was in America he had met a large number of business men and had discussed the economic position of the United States with them. They were all satisfied that business conditions had improved and would continue to do so. The general opinion was that everything would be much beter within a year. There was a great increase in confidence, but it had to be remembered that the financial houses were all against Roosevelt. -They all claimed that the Republicans would come back., There was also a definite improvement in Canada, Mr Paterson said. Every movement on the United States stock market had an effect on fhe northern Dominion, and while he was in North America there was a rise in most stocks. NO SIGNS OF DEPRESSION In London there were no signs of depression at all. All classes of business were busy and the theatres were crowded. 'Everyone in England was definitely of the opinion that tilings were going to be much better, and in Australia everyone was satisfied that the' depression was over! The only place visited by Mr Paterson that was suffering from depressed times was the Mediterranean shore. Because of the rate of exchange in France, which brought the New Zealand pound down to 7s 6d, the Riviera was doing little business, even the American tourists deserting the Continent for Great Britain. “I really believe that we are in for better times,” Mr Paterson concluded. “I have been all round' tho world and have seen a good many countries, but there is no place in the I whole world like New Zealand to me.”