CONFIDENT NOTE
‘WARRANTED’ SAYS MR STEWART
DUNEDIN, November 28
Mr W. Bownie Stewart, speaking at the annual meeting of the. Otago Manufacturers’ -Association, saicl that the note of confidence struck was warranted from many viewpoints. One fact that led him to that conclusion wa s the rise in the price of wool. The Auckland sale was very gratifying, though no doubt manufacturers would say that the ris e meant an increase in the price of tuav fpiaterial. In the past, the Governments had assisted manufacturers to some extent —not to the extent asked—notwithstanding that there Was a school of thought Unit had opposed'.-the growth of secondary industries-.
As Minister of Customs he had found difficulties on . both sides, but it seemed to him that the Government’s policy had been a correct one.
The president (Mr James Hogg) said that the news from Auckland was the most encouraging they had had for three years and should react beneficially on the financial year 1933-34.
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Hokitika Guardian, 29 November 1933, Page 6
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162CONFIDENT NOTE Hokitika Guardian, 29 November 1933, Page 6
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