ECONOMIC OUTLOOK

Evening Post, Volume CII, Issue 81, 3 October 1921, Page 7

ECONOMIC OUTLOOK

NEW ZEALAND WELL OFF

BIE J. FINDLAY OPTIMISTIC.

The. economic outlook for New " Zealand, was referred to by Sir John. Findlay, who returned to the Dominion yesterday, in an interview. Well-informed ibeople had, he said, expressed the opinion that the present low prices of wool were due to wartime accumulations. The be«fc remedy, hs believed, was to sell wool to- Central Europe on the best terms that could bo secured, taking open market prices. It was better to sell with the hope of ultimate payment than to have the market disorganised by a con« tinned glut. New Zealand's butter, lamb, and mutton could m«9t any competitors. New Zealand butter waa regarded in England as , the best that could1* be got, and the High Comitiie^ioner's office corild do ■good work in letting the public know more comphjtely whore it could be bought. Sir John expressed strong approval of Mr. Massey'-s vigorous support of the inter-Empire trade movement, which was rapidly gaining support, and. was already giving benefit to India and Egypt and to a less degree, New Zealand. The Dominion was affected by stagnant markets and low p.riccs, but to ft less extent than any other country directly connected with the war. New Zealandera did not know . how well off thoy were. There was no occasion for gloom and despair, and with cordial cooperation between all classes, the avoidance of waste, and with public and private economy, the way out of depfes- . sion would apt be lqiuj,,