CONFIDENCE IN NEW ZEALAND
MELBOURNE VISITOR’S VIEW. TROUBLED BY T MORTGAGES. (United Press Association —By Electric Telegraph Copyright.) SYDNEY, May 23. Sir Lennon Raws, a Melbourne architect, just back from New Zealand, says that although things are bad in the Dominion, there seemed to be no lack of confidence. Public works were not entirely suspended. Graziers in the South Island were having a particularly hard row to hoe, but were standing up well to their altered circumstances. In the North Island the high standard of efficiency of the dairy farmers was enabling them to make ends meet. . The great trouble in New Zealand seemed to be the extent of the mortgage system; everyone appeared to be either a mortgagor or a mortgagee, and often both.
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Hawera Star, Volume LI, 24 May 1932, Page 5
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125CONFIDENCE IN NEW ZEALAND Hawera Star, Volume LI, 24 May 1932, Page 5
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