AN IMPROVEMENT
THE DOMINION’S ECONOMICS.
BANK CHAI RMAN’S VIEW.
(Per Press Association.) WELLINGTON, This Day;
The chairman of directors of the Bank of New Zeala-nd (Sir George Elliot) in his speech at the annual meeting to—day said: _ Further progress towards economic recovery has been made during the year. Trade has .been more active. The yield from sales tax shows an increase of 13.7 per cent. over the pre—vious year. Building activity is greater. . Unemployment figures have been reduced. On provisional: figures> the Dominion internal revenue: for the year wfis $326,170,000 (exceeding estimates by £130,000), and expenditure $225,900,000, giving, a surplus of £270,000. In conclusion may I emphasise by no means for the first time, the ur—gent necessity of facingthe fact that for New Zealand the United Kingdom is practically its only market. If due. regard is paid to the manifest advantages pertaining to a closer reciprocal trade relationship with the Mother Country, and, if that reciprocal trade relationship is fostered, New Zealand, with its genial climate and fertile soil, should find that general prosperity is not unattainable.
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Bibliographic details
Ashburton Guardian, Volume 56, Issue 205, 12 June 1936, Page 7
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177AN IMPROVEMENT Ashburton Guardian, Volume 56, Issue 205, 12 June 1936, Page 7
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