NEW ZEALAND'S PROGRESS.
EXCESSIVE TRADING STOCKS.
(By Telegraph. —Press Association.)
DUNEDIN, this day.
The president of the Chamber of Commerce (Mr. J. London), on being asked to express his views on the statement made by Mr. Mabin before the Dominions Royal Commission at Wellington, said it was evident Mr. Mabin had said either too much or had not said enough. Concerning over-importation, he said he "believed there was a tendency amongst traders to carry too large stocks. This state of affairs was induced, according to his informant, by large indent importing businesses which had sprung up in recent years, and the good credit in which the mercantile community generally was held throughout the world. It was a question, however, for individual traders, and would be adjusted by them. No doubt they would speedily' come to the conclusion to make their stocks conform to trade needs to avoid depreciation and loss of interest.
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Auckland Star, Volume XLIV, Issue 58, 8 March 1913, Page 11
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152NEW ZEALAND'S PROGRESS. Auckland Star, Volume XLIV, Issue 58, 8 March 1913, Page 11
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