AN ERA OF DEAR MONEY.

Hawke's Bay Tribune, Volume X, Issue 19, 6 January 1920, Page 5

AN ERA OF DEAR MONEY.

MR. BEAUCHAMP’S IMPRESSIONS. [Per Press Association.] Auckland, Jan, 6. Mr Harold Beauchamp (chairman Bank, of N.Z.), in an interview, s*td he thought there was very little chancb of any alteration in the fiscal systein in the Old Country.' In the minds of most people protection would enable manufacturers to indulge in profiteering to the same extent as they did duning the war, whilst free trade, With it* inevitable competition, would force down prices of essential commodities. He conversed with some m, regkrd ' to viewing with concern German _ and other competitors in. Great Britain, but it was quite impossible to get people in the Old Country to, See eye to eye with one on this question. Personally he thought we were in for an era of dear money, especially in Europe and the United States. would be interesting to note how long it would be before there was a reflex action in this Dominion which, owing to its very large surplus of exports over imports in the i past six or seven years, had continued in such enviable’ financial ease. Money, like water, had a tendency to find its own level.