WORST OVER

Rotorua Morning Post, Volume 2, Issue 296, 9 August 1932, Page 5

WORST OVER

(Press Assn.-

optimistic note BACK TO MORE NORMAL AND MORE SOUND POSITION some london opinions

— By Telegraph — Copyright)

LONDON, Monday. Prospects of an improvement of trade now seem hopeful if we may judge from opinions expressed by prominent business ffien at several recent company meetings, where the ehairman expressed the belief that we have seen the worst. Thus Sir Ernest Benn, of Ben Brothers, publishers, who is not regarded as an ultra-optimist, said, after recalling the dismal outlook at this time last year that he had come to the conclusion that we are in more natural and sounder conditions than this time a year ago, and on these grounds could surely indulge in a little sober, modified optimism. The Economist, in an article entitled "The Long Lane," also compares the situation to-day with that of a year ago and observes certain "prophecies" then current have not come true. Even in South-eastern Europe and Germany political institutions have not collapsed and the financial cidsis has not been allowed to reach the bounds of extremity. U.S. Opinion

The Lausanne Conferenee marks one of the notable advances in international co-operation in the past few years, and moreover signs are not wanting that opinion in the United States is becoming reconciled to the radical revision of the debt agreements as an essential part of the world problem of reconstruction. In the world generally the evidence of the stock and produce markets confirms the impression that the steepest phases of the depression are past. The supreme task for the nations in the next twelve months is by cooperation to remove the overhanging menace of armaments and achieve to some measure of monetary stability, cut away the thicket of tariffs and trade restrictions, and allow the commerce of the world to flow once again in natural channels.