OPTIMISTIC
N.S.W. BANKER.
(Australian Pres* Association.) (Received this day at 9.30 a.m.) SYDNEY, November 25. We are getting sounder in wind and limb. We cian afford to employ a little more activity, said Mr A. C. Davidson, general manager of the Bank of Now South Wales, addressing the Legacy Club. AVlion, as now, tlie time to move forward has lome, it is necessary to prevent, that forward movement developing into another boom, but we must not be afraid to get out of this depression for fee nr of falling into another. He added that Australia could have confidence that the Commonwealth Bank, in bringing down the rates of interest and managing exchanges, -would know wlmre to stop. He also emphasised that the Centra] Bank action to hold price average-' steady at levels admitting of a revival of enterprise, was the most hopeful expedient for relief from the torment of depression in the midst of abundance.
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Hokitika Guardian, 25 November 1932, Page 5
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155OPTIMISTIC Hokitika Guardian, 25 November 1932, Page 5
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