THE INDUSTRIAL SITUATION
A REVIEW. lUnited Press Association—By Electric Telegraph.—Copyright.) (Received this day at. 11 *.in.) , LONDON, January 20. At the .Midland Bank meeting Re\ginakl McKenna presiding, reviewed the monetary industrial situation and said there were times when, judged by interests, the general economic welfare thrift might be carried to excess. The present crisis was one of under consumption until sufficient confidence was returned to stimulate buying of stocks. Goods were not likely to dwindle nor production to increase. It was not likely there would fie a marked revival of confidence until prices showed a tendency to harden. When the present trend of prices were arrested and reversed we shall see the end of the growth of unemployment.
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Hokitika Guardian, 22 January 1931, Page 5
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118THE INDUSTRIAL SITUATION Hokitika Guardian, 22 January 1931, Page 5
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