'RECKONING AHEAD'

Hawke's Bay Herald-Tribune, Issue 122, 9 June 1937, Page 9

'RECKONING AHEAD'

Temporary ^Boom: Dominion's Future WARNING NOTE STRUCK "Tbings in New Zealand sbould be good for anotber two years, and then tbe day of reckoning must come; and wben it does arrive, perhaps accentuatcd by bad seasons, it may seriously affect the economic svructure of tbe country." In these terms Mr. Erank Goldberg, bead of tbe well-known advertising firm, struek a warning noto in an dnterview in Auckland. "So far everything bas gone in favour of tbe Government. .Primary products bave been Increasing, and good prices bave been realised, especially for wool. Wbo is going to pay the big bill tbe Government is incurring wben tbe picture qs reversed?" Mr. Goldberg, as a man wbo has been eigbt times round tbe world, and 93 times across the Tasman, is qualified to form opinions. "Australia bas had a wonderful season, and tbe people tbere bave plenty of confidence in tbe various governments in power. I bave found confidence in tbis country, too, but it is not manifested as solddly aa in Australia. Possibly most people are contented witb tbe present etate of affairs, but even they seem to bave an inkling that it is only a temporary boom, and tbat tbe day of reckoning is ahead. Industries are flourishing, and people seem to be after money wbile tbe sun is sbining, in the fear tbat it will not shine mucb longer." Tbat there were big problems ahead, was Mr. Goldberg 's view. Wben tbe Prime Minister returned from the Imperial Conference tbe Dominion would find that it bad to faee a defenee problom' of a new kind. The whole world was cbanging, and, like Australia and every otber country, New Zealand, would have to arai — aud armaments cost money.