"WILL NOT DECLINE"

Rotorua Morning Post, Volume 3, Issue 720, 21 December 1933, Page 5

"WILL NOT DECLINE"

BRADFORD MAN'S OPINION Auckland, Wednesday. "I am confident that values will not decline and that a new era of prosperity is at hand both for Australia and New Zealand. The bad trade cycle of the last five years is giving place to a cycle of prosperity which will in my opinion continue for some years." This confident prediction was mad.e on the Rangitata this mprning by Mr. H. Dawson, principal of H. Dawson, Sons, and Go., a leading Bradford firm. "I am delighted to know of the advance in New Zealand saies," ' said Mr. Dawson. "I had expected the rise for nine months. The consumer will benefit as well as the grower. Everybody wants to see bqtter prices ruling because better margins can be obtained. "The reason is obvious tp those living in the great commereial centres of Great Britain. Merino wool and some of the fine halfbred wools have b.ecome relatively dear, and during the last two or ' three years of low values woollen clothes have been selling at almost bankruptcy prices. The niultiple shops, which are established all over the country and provide at least 60 per cent of the population, have been doing a huge turnove'r, suits being retailed at from 37s 6d to 50s. The low prices for \yool brought about mass production in the clothipg tradq, but now, with the advanced prices for Merino and halfbred wools, the multiple shops have found it impossible to make the same quality garments at the prices which built up their business. Thjey have not altered those prices, how.eyer. The old piacards still remain in their windows, but they are supplying the public with goods that have no't the quaiity of those formerly sold." Mr. Dawson said that the textile industry was showing great activity, and had been absorbing many of the unemployed. In Yqrkshire it was difficuit to find cqmpetent weavers. It is 19 years since Mr. Dawson has yisited New Zealand. He has come here on a health trip.