RECOVERING

Rotorua Morning Post, Volume 2, Issue 416, 28 December 1932, Page 5

RECOVERING

(Press Assn.-

australia on way sydney's lord mayor on visit to the dominion definite indications

— By Telegraph — Copyright)

Auckland, Tuesday. That Australia is definitely on the road to recover her prosperity is the opinion of the Lord Mayor-of Sydney, Alderman S. Walder, who arrived on the Monowai this morning on a holiday visit. He said that in Sydney during the past six months there had been renewed life in commercial enterprise, which gave every indication of being maintafned. Mr. Walder said that even before the Christmas rush there had been a marked change. Recently there was actually a shortage of clothing machinists. Other trades also were expanding business. Building, which was regarded as the last trade to recover, had been given a fillip lately by some big undertakings in Sydney. For instance, the firm of Anthony Hordern was spending £160,000 in remodelling its huge emporium. A site for a big store for Woolworths had recently been purchased at the corner of JLiverpool and Pitt Streets at a cost of £170,000, which worked out at £1250 a foot. Keen competition in this class of business was reflected in this purchase. The National Roads and Motor Association had purchased a property in Spring Street for £80,000. More Confidence The return of stable government had restored public confidence and encouraged the release of capital, said Mr. Walder. The New South Wales Government was grappling with the unemployed question with better results, and the number'of unemployed was being reduced. A thorough overhaul of the "dole" system had resulted in the discovery of wholesale impositions, and the number on the "dole" had been reduced by 40,000. The Government was now fonning a scheme for doing away with the "dole" and malting payments for work on a system similar to the New Zealand one. The primary producers had had a wonderful season. The pastures had been refreshed by plentiful rain. The Commonwealth Government intended to liberate the sum of £3,000,000 for the relief of farmers, and the money was to be distributed by way of loans through the land hoards.