BUSINESS IN SYDNEY.

Manawatu Standard, Volume LIII, Issue 26, 28 December 1932, Page 6

BUSINESS IN SYDNEY.

A CONSIDERABLE REVIVAL. LORD MAYOR INTERVIEWED. AUCKLAND, Dec. 27. That Australia is definitely, on the road to recover her prosperity, is the opinion of the Lord Mayor of Sydney, Alderman S. Walder, who arrived on the Monowai this morning on a holiday visit. He said that in Sydney during the jiast six months there had been renewed life in commercial enterprise, which gave every indication of being maintained. Alderman Walder said that even before the Christmas rush there had been a marked change. Recently there was actually a shortage of clothing machinists. Other trades also were expanding business. Building, which was regarded as the last trade to recover, had been given a fillip lately by some big undertakings in Sydney. For instance, the firm of Anthony Hodern was spending £IOO,OOO in remodelling its huge emporium. A site for a big store for Woolworths had recently been purchased at the corner of Liverpool and Pitt Streets at a cost of £170,000, which worked out at £1250 a foot. Keen competition in this class of business was reflected in this purchase. The National Roads and Motor Association had purchased a property in Spring Street for £BO,OOO. The return of a stable Government had restored public confidence and encouraged the release of capital, Alderman Walder said. The New South Wales Government was grappling with the unemployment question ■with better results, and the number of unemployed was being reduced. A thorough overhaul of., the system had resulted in the discovery of wholesale impositions, and the number on the “dole” had been reduced by 40,000. The Government was, now forming a scheme for doing away with the “dole,” and making payments for work on a system similar to New Zealand. Primary producers had had a wonderful season. Pastures lrad been refreshed by plentiful rain. The Commonwealth Government intended to liberate the sum of £300,000 for the relief of farmers, and money was to be distributed by way of loans through land boards.

Alderman Walder will complete his twelve months’ term of office at the end of the month. With his wife and two children he will make a long tour in both North and South Islands. He leaves Auckland in a few days for Rotorua.