INVESTORS’ LACK OF ENTHUSIASM
SPECULATION AS TO CAUSE By Telegraph.—Press Association. Hastings, June 18. At the annual meeting of the Chamber of Commerce, Mr. J. S. McLeod, the president, in an address, referred to the hesitation of the people to invest and to the presence of so much unemployment, when the banks and individuals had plenty of money. He said that the taxation of 4s. 6d. in the pound on industries might be responsible for the investors’ hesitancy.
Referring to the high American tariff against our goods, Mr. McLeod said that New Zealand could not take too serious a view of this treatment, which would continue unless the Chambers of Commerce organised against it. American cars were imported into New Zealand in great numbers, when trade between New Zealand and Britain should be encouraged, especially as the British cars were more economical in the end.
He quoted figures showing the great prosperity of Canada and South Africa, and asked why we had not the ability here to maintain similar conditions.
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Dominion, Volume 22, Issue 225, 19 June 1929, Page 10
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170INVESTORS’ LACK OF ENTHUSIASM Dominion, Volume 22, Issue 225, 19 June 1929, Page 10
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