NOT SO BAD.

Waikato Times, Volume 107, Issue 17975, 21 March 1930, Page 8

NOT SO BAD.

CONDITIONS IN AUSTRALIA. USITING DENTIST’S OBSERVATIONS ROOM PERIOD APPROACHING. “ Zealand apparently has the impression that Australia is in a very sorry plight. While admittedly things are not so right as they were, they are certainly not nearly so bad as they appear to New Zealanders to be.” The above observation was made to a Times representative to-day by a former resident of New Zealand, Dr. Stewart Ziele, a dentist now resident in Sydney. Dr. Ziele is on a visit to New Zealand 'and passed through Hamilton today. Yesterday he gave an interesting address before the Dental Congress sitting in Auckland, on jaw fractures and their treatment. Discussing the trade outlook in Australia, Dr. Ziele said he saw a good prospect of labour costs being steadily reduced to the level of.primary production. When this came about a great revival of trade would set in. Many of Australia’s leading business men believed that boom times were not far distant. Wool experts declared that wool prices would not recover, but that at the present prices wool could compete with substitutes. The sooner labour realised that the era of i high prices was over, the better it would be for everybody and the sooner would things get back to normal. There had been a great recovery on the Stock Exchange, which had heen due in no small measure to the transfer of investments from New Zealand to Australia. Dr. Ziele said that during the months of January and February alone, £2,000,000 of New Zealand money had gone to Aiistralia. This xvas an indication that men prominent in business in New Zealand had not lost confidence in trie Commonwealth.