SIR JOSEPH WARD.

Bush Advocate, Volume XXI, Issue 300, 23 June 1909, Page 2

SIR JOSEPH WARD.

Press Assn — By telegraph — Copyright. SYDNEY, yesterday. Sir Joseph Ward was entertained at luncheon by the Government. Interviewed, lie said the position in New Zealand was good. Some reports were "very much exaggerated. A cause of a. great deal of the slump ( was due to the fall in wool values a year ago, and over speculation in _ land in some parts of the country making money tight. The market ' for wool exports had now improved, * while the Bank -of New Zealand had a remarkably good year. The tightness of money caused a few people to employ as little labor as possible. Tho financial position of the country, from the Government's point of view, was good. The most pessimistic must realise that the resources of New Zealand were so great and so widespread that the cheek must be of a temporary character only. Ho left for Melbourne to-night.