ECONOMIC CONDITIONS.
new zealand's vulhejbulble position. FACTORS BEYOXD OUR CONTROL. (By TeJeeraph.—Ottii CorrespoadeßU UIRISTCHUECH, this day. In tic course of an address on the causes of boom and slump, Professor Toc-Jicr said lhat for almost two rears New Zealand bad experienced a 'rapid fall in the level of export prices. New Zealand, it was siown. is extra* ordinarily dependent on conditions be« Pond iif- control, on the prices of it* good* overw-as and on overseas trade. The I>ominion'<: position consequently is extrmrdinarilr vulnerable. One vital question, said the professor, was the prohahlc future of prices. There was a ctmi deal of reason to believe that a. serious attempt \ras hpjnj: made by hankers to prices, and to preven; them from falling. He had. bees arpiing for the pa*t fetr year* that priop'; troiiJd not fa]] seriously, but it might happen, and if it did Xctt Zealand was in for a pretty hard time.
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Bibliographic details
Auckland Star, Volume LVIII, Issue 78, 2 April 1927, Page 9
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153ECONOMIC CONDITIONS. Auckland Star, Volume LVIII, Issue 78, 2 April 1927, Page 9
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