OPTIMISM IN AUSTRALIA

Wairarapa Times-Age, 5 July 1938, Page 8

OPTIMISM IN AUSTRALIA

♦ WELLINGTON BUSINESS MAN’S IMPRESSIONS. NOTEWORTHY DEVELOPMENTS ■ OF INDUSTRY. (By Telegraph—Press Association.) WELLINGTON, This Day. Sir Charles and Lady Norwood returned from Australia by the Wanganella. Though it was mainly a health trip, Sir Charles said he had met some of the leading commercial and industrial men. There was marked evidence of optimism everywhere and, generally speaking, Australian business showed increased profits on those of the previous year. He had visited Australia during the slump, and in contrast to the attitude seen then, it was refreshing now to see the manner in which large business interests were making long-term arrangements in their provision for development. It had been expected that when the iron and steel industries were economically established in Australia, secondary industries would increase, and the advance that had been made in the last ten years was amazing. There Was no lack of evidence that Australia was fast growing into manhood. He remarked on the astonishing number of New Zealanders found in Australia. He had been informed on good authority that there were upwards of 50,000 in New South Wales and the number in Australia was such that New Zealand clubs had been promoted in South Australia, Victoria, New i South Wales and Queensland. Though there were many Australians in New Zealand, he thought the advantage was with Australia.