Page 4 Advertisements Column 2

Waikato Times, Volume 108, Issue 18159, 25 October 1930, Page 4

A thing which had struck him forcibly during his visit Home, said Mr P. R. Sargood in an address he gave to members of the Dunedin Chamber of Commerce yesterday morning, was the inclination to pessimism on the part of some sections of the British tradespeople. He knew of nothing moredetrimental to the rising generation and to possihle foreign buyers of British manufactures than this lack of confidence in the future and the doubts regarding how they were to get out of the economic difficulties of the present time. He hoped New Zealand would not allow these pessimistic ideas to dominate her. They must keep their peckers up and fight, and things would come right in time. Of course, there were very difficult problems for the people to solve, and although they were told that there were two million unemployed, he did not believe it. He had travelled widely over England, and, no doubt, unemployment in some parts was bad, but there was no indication of it in the London area, where big factories were being built. Mr Sargood criticised the dole, and said it was really creating artificial unemployment, but he doubted whether any political party would be willing to tackle the problem.

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