IN THE NEWS
NEW ZEALAND SEEN FltOM NEW
YORK
The journal of\ the British Empire ! Chamber of Commerce, New York, remarks that as surmised, the recent earthquakes and landslides may very likely have unearthed rich gold deposits in the Matakitaki area. The Wellington "Evening Post" has ap-: peared on paper made ironi two New Zealand pulp trees (the tawa and riniu), and manufactured in the United States of America. Though New Zealand has many modern department stores, especially in Auckland, the common system in the United States o£ chain establishments has not been much developed,.while mail order business is still in its infancy. One shop selling nothing costing over one* shilling does exist in Auckland; but; five "and ten centa stores are not yet, and tfe high duties seen on imported goods would, operate against any smaller price. In-: stalment buying and the new "cash order! trading" system have rapidly developed1 of late. New Zealand imported in values from the United States £8,200,000 in 1928, but' exported only £4,260,000 in return. Drug stores in New Zealand confine their activities to medicinal products, and the soda fountain ;is. unknown. Considerable' industrial activity in preparation of meat, cheese, and butter exists in New Zealand by means of 5166 factories which employ 81,740 workers. A new company, Tobacco Growers (N.Z.), Ltd., /with, capital £25,000 forms. Primage on imports into New Zealand raised from 1 to 2 per cent.—applicable on goods received after Ist August. This percentage is computed not on the invoiced price of goods in the country of origin, but on the invoiced price plus 10 per cent., this addition being rough allowance to cover' transport, charges to New Zealand. ' From the Auckland Chamber o£ Commerce comes a carefully reasoned argument against the application of the Crown prerogative to the Crown in its trading undertakings—a matter of great import in New Zealand owing to the many trade incursions by the State.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19291116.2.110.2
Bibliographic details
Evening Post, Volume CVIII, Issue 120, 16 November 1929, Page 12
Word Count
319IN THE NEWS Evening Post, Volume CVIII, Issue 120, 16 November 1929, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. 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.