The Gisborne Times PUBLISHED DAILY SATURDAY, DECEMBER 31, 1927. THE PROSPECTS FOR, THE NEW YEAR.

Gisborne Times, Volume LXVI, Issue 10473, 31 December 1927, Page 8

The Gisborne Times PUBLISHED DAILY SATURDAY, DECEMBER 31, 1927. THE PROSPECTS FOR, THE NEW YEAR.

It will he widely held that the closing year should he regarded as one of the most trying of the postwar years. As far as this Dominion is concerned, it has had to face numerous difficulties that owed their origin mainly to circumstances that could not he controlled. The chief trouble has, of course, been the tightness of money due to the diminished returns in connection with last season’s export trade and to over-buying ahroad. perhaps it would not lie going too far to say that financial conditions in the winter months became as depressed as was the case when the slump which immediately followed the Great War gripped this, as well as most other countries. At all events, this Dominion had its most unfortunate experience since the 90’s in respect of prevalence of unemployment. This was all the more to he regretted in that it forced upon the Government the need to abandon its immigration scheme meantime. In the circumstances, it cannot, therefore, he said that general pi-ospenty fell to this Dominion’s lot during- the expiring year. There are, however, strong indications of a much better state of affairs for the coming twelve months. On every hand, it- is acknowledged that the new marketing season is most promising. Following upon a winter that was by no means severe came a productive spring, and, as a consequence, the wool clip has proved most satisfactory, butter fat shows every indication of constituting a record for quantity, and the lamb trade may he greater. than ever. Jf drought happens to be escaped, heavy yields of cereals should also he obtained. Nothing else will be more welcome, than a substantial increase in value of the current season’s export trade. Such a happy condition of things will give a muchneeded stimulus to all classes of effort in this Dominion. It should' make money not only more plentiful, but cheaper, and, in addition to heartening ‘‘the man on the land,” it will lead to an all-round revival in the building trades, in manufacturing, and in business, generally. That the financial tide has now turned for the better was clearly demonstrated. it is agreed, by the satisfactory character of the Christmas trade. The prospects are, indeed, now very much brighter than they were twelve months ago, and, in extending the hope that all classes may share in the benefits that will accrue from the improving conditions, we wish all our renders— A HAPPY AND PROSPEROUS NEW YEAR .