BRIGHTER TONE

Evening Post, Volume CXI, Issue 75, 30 March 1931, Page 3

BRIGHTER TONE

TRADING OVERSEAS

The council of the Wellington Chani" ber of Commerce, in its annual report, is not altogether pessimistic as to the outlook in the immediate future. It remarks that "in the report presented twelve months ago it was mentioned that depressed prices wore ruling thea for the principal products of. the Do* minion, and this stato of affairs continued throughout the year, making conditions very difficult for trading, and very close attention was necessitated from all trading interests in order to ensure stability in trading. Tha year ended with a surplus of exports over imports, but to an extent that would' be insufficient to meet interest indebtedness overseas. The strain upon business has been borne exceedingly, well, and there is now a brighter tone as regards the marketing of our main,' products, and it seems it can b -econI fidently stated that rockbottom hag been passed; dairy produce has been meeting a more stable market and wool sales have recently been showing an. improving tendency, which is especially; appreciated since these products are so closely wrapped up in the prosperity of New Zealand.

"The Australian position still gives very great concern, and its influence disturbs the position in this Dominion, especially in regard to marketing and trading overseas, but the difficulties suffered here have been much less aeuta than those experienced in the Cor^iionwealth, and it follows that this coun» try will turn the corner towards economic prosperity much sooner than its neighbour. There has been much less in the political situation in this Dominion to upset the even tenor of things, and with safe handling of the situation, New Zealand should at no distant date come happily through its trying times. Meantime the duty falls upon all in the community, and not on' the business man alone, to assist to the utmost to right the situation and to enable early resumption of a normal state of affairs. The prosperity of the Dominion is synonymous with its trada prosperity, and this is plainly evident when an analysis is made of the sources from which Government revenues ara derived. "