THE OUTLOOK

Hawera Star, Volume XLVII, 15 June 1928, Page 4

THE OUTLOOK

BETTER THINGS TO COME.

NO NEED FOR GLOOMY VIEW. (Special To The Star.) WELLINGTON, June 15. The chairman -of the Bank of New Zealand in his address to shareholders to-dav remarked that undoubtedly there were signs of better things -to come. His remark was made at. the end of his address, after lie had reviQWed the financial and trading affairs-of the Dominion for the past year. He said: “The period under review has not been free from difficulties. Ip business, particularly wholesale business, it has -too often been found impossible to earn an adequate return on capital. The times are in flux; conditions are -changing, competition has proved too keen for some; unemployment has been rife, but there are undoubted signs of better things to come. “In view of the fact, as I have already indicated, that we in Now Zealand depend -for our material prosperity on our export -trade in primary products; taking into consideration the prices those primary products are now fetching on the world’s market, and seem likely to continue fetching; and with the knowledge of the exceedingly satisfactory trade -balance disclosed -by the recent Government figures for the year ended March last, may I assert that he must be a pessimist-indeed who feels Ft necessary *to take a gloomy view of flic present position of tlie country? ’'