The Agricultural Gazette of New South Wales volume 44

Cover The Agricultural Gazette of New South Wales volume 44
The Agricultural Gazette of New South Wales volume 44
Edward John Routh
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The survey deals with the brighter pro- pects at present evident, with the part played by Governments, and with the pro spects of further recovery. It says it is doubtful whether recovery is the right word to use in connection with future prospects, because inevitably the question arises : recovery to what? It proceeds: "It is idle to expect the recovery will mean the re turn to the conditions of 1928, just as it was futile to expect after the war a return to pre-war prices and conditions. The
...econo mic world does not move in circles, and in this sense economic history does not repeat itself. " The difficulties of the situation are exem plified by the caution forced upon the re sponsible authorities of the Bank of New South Wales in making their survey and comment. Indeed, this well-written publi cation illustrates the magnitude of the prob lems, the intensity of the difficulties and the necessity for courage, patience and mobilisation of the best brains from all sec tions of the Australian nation to assist the Governments and other authorities in de veloping the best lines of future action.

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