30 NOVEMBER 1934, Page 37

AUSTRALIA'S RECOVERY.

Mr. Andrew Williamson, Chairman of the English, Scottish and Australian Bank, gave the shareholders of that institution a most able and masterful survey of Australian conditions in every important branch of the Commonwealth's activities, and not least in its financial aspects. To all who are interested in any way in Australia, we commend a study of Mr. Williamson's intimate review of the position. While on some points he was critical of the effect of certain taxes, especially where they were inequitable, nevertheless he was unstinted in his praise of the wonderful and successful effort made' by the Australian Government and its people to restore the credit of the Commonwealth, both internal and external.