BRIGHTER OUTLOOK
TRADING CONDITIONS
AN OPTIMISTIC NOTE,
An optimistic note regarding New Zealand's prospects, and trading conditions, generally in Australia, was struck by. Mr. Theo Kelly, director and general manager of Woolworths (N.Z.), Ltd., in an interview today. Mr. Kelly returned to Wellington this week after attending a business conference in Sydney. ' . . .
While in Australia Mr. Kelly studied the latest improvements embodied in the new storo opened in Melbourne just prior to Christmas by Woolworths, Ltd. As an indication, he said, of the firm's conviption of more prosperous times ahead, and tho gradual lifting of the depression that had hung like a black cloud over Australia for the past few years, the new store was the largest in the chain in New Zealand and Australia.
"I feel beyond all' doubt that the whole outlook in Australia is brighter than, it has been for some time past," continued Mr. Kelly. "Trading condition there have definitely improved. As an instance, we did wonderful business at Christmas, and all our branches, both in Australia and New Zealand, actually broke all previous records. This year has already started exceedingly well, January so far having exceeded our expectations."
Mr. Kelly also said that he felt the present optimism existing in Australia was largely due to the recent riso in the price of wool, although he doubted whether the Commonwealth was yet feeling the full benefit of this. That could only bo achieved after a more lengthy period. In the meantime, however, it was undoubtedly having the effect of putting more "money into circulation. People who had had money during the depression, but were uncertain of better times ahead and had been afraid to do anything with it, were now looking around for investments. Mr. Kelly said he felt New Zealand's prospects were also .exceedingly bright. Although tho rebound ,to prosperity might not be as sudden as that in Australia, with tho reputation for stability and determination that all New Zealandevs had, a better and.more prosperous future for the country would be built up. He added that he was very pleased to return to New Zealand, and that during the two years he had_ been a resident of this country, he had formed a very high opinion of New Zealand people. . '
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Evening Post, Volume CXVII, Issue 22, 26 January 1934, Page 9
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375BRIGHTER OUTLOOK Evening Post, Volume CXVII, Issue 22, 26 January 1934, Page 9
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