MORE CONFIDENCE

Rotorua Morning Post, Volume 2, Issue 320, 6 September 1932, Page 5

MORE CONFIDENCE

(Press. Assn.-

in THE dominions ENCOURAGING EFFECT qf NEW POLICY IN AUSTRALIA SIR GRANVILLE RYRIES RETURN

-By Telegraph — Copyrlght).

Auckland, Monday, "There is a marked improvement in tho outlook for both Australia and New Zealaiid in London, and the public seems to have recovered its co^ifidenco in the Dominions," stated I Major General Sir Granville Ryrie, who is returning to Australia on the Niagara, on completion of his five years' term as High Commissioner in London for Australia. "Particulaily in the political sphere was the return of confidenee shown," continued Sir Granville-. C( Australia,"' he said, "had followed the example of England in selecting a sound national Government, and one which coincided almost exactly with the new House of Commons." "I thinlt the result is shown particularly by the recovery in the value of bonds, some being above par. On tho whole the British people are quite 0]itimistic in regard to the future." he said. Sir Granville- attended the Reparatioiis Conference at Lausanne, and •,vas very gratified with the arrangements made although for a long time .here seemed little hope of a setilement. . He paid a tribute to the untiring' effo^ts of Mr. Ramsay MacDonald in bringing the negotiations to a suc;ee.?ful is-ue, and to the tact and patience the British Prime Minister u (1 displayed although he was a sick nan, at the time.