A CHEERING OUTLOOK

Rotorua Morning Post, Volume 3, Issue 636, 14 September 1933, Page 4

A CHEERING OUTLOOK

The references made by Mr. W. A. Bodkin to the probable early return of prosperity to New Zealand during his speech at Linwood this week are decidedly encouraging. It is true that his utterances were coupled with political propaganda, but they need not be seriously discounted on that score. Mr. Bodkin is well aware of the conditions in the southern mining areas and there seems sound justification for his belief in the revival of the gold-mining industry. There can be no doubt that untold wealth remains to be won from many undeveloped and partially developed areas in New Zealand and with gold at its present. high price it is reasonable to anticipate that capital will find investment in numerous paying propositions resulting in a big change in the country's financial postion. It is equally probable that the period of depression of prices in our primary products has been passed and that a(gricultural and pastoral industries will share in the return of good times. Butter, which has been selling at an exceptionally low figure for months passed has now topped the 100/- mark, a fact which should considerably brighten the outlook of the dairy farmer. It is true that special conditions have been responsible for the immediate rise in dairy produce prices — the Australian season has not been favourable and the dry weather at Home has militated against production there— but the general improvement in

commerce and industry in Britain gives promise of permanency. The spectacular rise in the price of wool may also be accept•ed as substantially sound because the increase has been backed up by evidence ofgenuine activity in the woollen industries both at Home and abroad. We may, therefore, confidently give Mr. Bodkin the glad hand ! as a cheerful prophet.