OUTLOOK FAVORABLE

Hokitika Guardian, 8 April 1933, Page 6

OUTLOOK FAVORABLE

ENGLISH VISITOR’S ’COMMENTS

; '■ CHRISTCHURCH, April 5. That maiiy hfew Zealanders and . Australians had the wrong idea of the sjtate of 'trade in" England was the impression gaiiibd by Mr IL I). Martin, an English business man who has arrived from Australia. Mr Martin is • . -«f*iY. - •• •• director of ' Germ Lubricants, .Ltd. (formerly Hgpry Wells Oil Co., Ltd.), of "London’' Tlncf Manchester, and is keenly interested iii the welfare" of New. Zealand and other Dominions.

;TT-40-not..,tli4u.k—tlm-t-eoH-ditiens - inEngland are as bad as people out here ,scca% t-Wv.th.'nJv',U _My,.’Alar'tiir- said yes,.teixlpyy “* ip Jj.iiv 'intcryiew. 1 V Roth here ,apd"iH 4AjswrtJia, ; the impression is tfiatUlEhghihd is m a had way. but that is’irot so, and altliough .1 am nui a-: sufier-optimist I believe that Great Elritaiipia sound, and that the outlook at the hnoment is very favourable.

“I 1 1 five had it put tej me, ..ior instance; That tlie United States of America is in a bcttci; londiton economically, than Great Britain. But relatively, . trade conditions at Home are comparatively better than in any -other 'country.”

Great Britain’s biggest handicap is that many of the outlets for her experts have- been closed as a result of the general depression of trade,” Air Martin continued, “but when these markets,.'ore ..reopened, we will be in a posit ion, to pay more for the produce which We got from the Dominions. 1 do, not think, however, that there can be. a general; improvement until it is realised universally that the depression i.s staff iH-Sfygtitional. problem, and that tlie.’vTccavci'y of international trade depends on the success of international .co-operation, This is being .realised more and more hi Knglancl, and I hope that it is being realised iii the Dominions. New Zealand should see the need for this international cooperation particularly, for, dependent on England: to such an extent, how much better off would she be if .England could secure better prices for her goods. And this can only be brought About by that co-operation.”