IN TWO YEARS.
IMPROVED CONDITIONS.
MR. GOODFELLOW'S FORECAST
it WORSE BEFORE BETTER." DEPENDENCE ON BUTTERFAT. (By Telegraph.—Own Correspondent.) HAMILTON, this day. The opinion that Europe would have to go bankrupt before America would dear off the war debts was expressed by Mr. W. Goodfellow, speaking at tho annual meeting of the Finance Corporation of New Zealand, Ltd., to-day.
After pointing out that the profits of the company were wholly dependent on the prices of butterfat, Mr. Goodfollow mentioned that New Zealand's prosperity was largely bound up with the war debts question. Once Europe had recovered, much of the goods now Hooding the English markets' would bu diverted and New Zealand primary products would receive a chance again.
"I am not a pessimist," lie added, "but I think the immediate future is' bad, and may be worse before it is better' but within two years there should be an improvement."
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Bibliographic details
Auckland Star, Volume LXIII, Issue 148, 24 June 1932, Page 3
Word Count
149IN TWO YEARS. Auckland Star, Volume LXIII, Issue 148, 24 June 1932, Page 3
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