“RECKONING AHEAD”

Taranaki Central Press, Volume IV, Issue 449, 3 June 1937, Page 6

“RECKONING AHEAD”

A TEMPORARY BOOM Warning Note Struck Press Association— Copyright. Auckland, June 2. “Things in New Zealand l should be good for another two years, and then th e day of reckoning must come; and when it does arrive, perhaps ’ accentuaeted by bad seasons, it may seriously affect the economic structure of th e country.” In 'these terms Mr Frank Goldberg, head of .the wellknown advertising firm, struck a warning note in an interview. “So far everything has gone in favour of the' Government. Primary products have been increasing, and good prices have been realised, especially for wool. Who Is going to pay the big bill the Tovernnlerit is incurring when th e pio’-ure V iOversea ?” '

Mr Goldberg, as a man who has been eight times round the world, and 93 times across' the Tasmlan, is qualified to form opinions. “Australia has had a wonderful season, and the people there have plenty of confix dence in the various governments in power. I have found confidence in this country, too, but it is hot manifested as solidly as in Australia. Possibly most people are contented with the present state of affairs, but even they seem to have an inkling that it is only a temporary boom, and that the day of reckoning is ahead. industries ate fiouriShihg, Und' people seem to be after mohey while the sun is shining, fn the fear’ that it will not shine much longer.”

That there were big problems ahead, was Mr Goldberg’s view. When the Primo Minister returned from the Imperial Conference the Dominion w o uld find that it had to face a defence problem of a new kind. The whole world was changing, and, like Australia and every other conn, try, New Zealhnd would have to arm -—and armaments cost money.