KEEP CREDIT GOOD

Hawke's Bay Tribune, Volume XXI, Issue 301, 4 December 1931, Page 7

KEEP CREDIT GOOD

WHAT N.Z. MUST DO WATCH ON WASTEFUL EXPENDITURE. OPTIMISTIC VIEW OF THE FUTURE. By Telegraph—Press Assn.—Copyright. Wellington, December 4. At the annual meeting of the Wellington Stock Exchange yesterday, the chairman, Mr Bueholz, said that natu rally in Now Zealand they had to take their portion of the world’s troubles. The solution was not an this end, and New Zealand’s only consolation was that the best bruins of all nations were endeavouring to find some remedy. Until about three months ago, the trend of everything appeared to be downwards, but since then, he was glad to say, there was an appreciable improvement of many commodities and, although ups and downs must bo looked for, the general feeling was that we had touched bottom, and the worst was over. However, it must not be forgotten thaa we had slipped a long vvr. and it behoved everybody to watch wasteful expenditure, not only person ally, but more particularly that of a national character, where large loans mean a heavy burden in interest charges. The most important matter for New Zealand in the near future, he said, was to keep its credit good. He hardly thought one was altogether justified in striking too optimistic a note. He could only say that there was a considerable improvement as regards stocks and shares. It was a noticeable feature recently that people were starting to buy who had consistently held off for a very considerable time, and generally there were now more buyers about seeking investments of a conservative nature.