"ERA OF PROSPERITY."
MR, COATES' PREDICTION. NEW ZEALAND'S CREDIT GOOD. (By Telegraph—Press Association.) WELLINGTON, Wednesday. 'I feel convinced that as far as our country is concerned we are on the verge of an era of steady prosperity," said the Prime Minister to a gathering of members of the Junior Reform League. "This does not necessarily mean a boom time or anything approaching that, but everything seems to be gradually clearing up. "It is a matter of considerable pride that during the past few weeks New Zealand has stood the test of the searchlight of the keenest financial brains in the world. New Zealand was chosen to test the money market of the world. We had the opportunity to avoid that test, but we had sufficient confidence in the status of the country to believe that, if our past status and credit were tested on the market, we would be able to accomplish the breaking of the interest rate that has held for the past four or five years. "This object was attained, and the result redounds to the credit, not only of New Zealand, but to every individual in it."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19280510.2.152
Bibliographic details
Auckland Star, Volume LIX, Issue 109, 10 May 1928, Page 16
Word Count
190"ERA OF PROSPERITY." Auckland Star, Volume LIX, Issue 109, 10 May 1928, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in