BETTER TIMES.
• ' '■ t r V' . f ' ' :' ■■ ' At the recent annaal meeting of the Wellington Trust and Loan Investment -Company, Mr. Edward Pearce, chairman of directors, saH the year that had just passed was one during which the mone} market underwent a remarkable change. At the commencement of the year money was abundant and cheap, and continued so for several months. "All at, once, as it/were, men Mealing m finance began to realise' that a gradual hardening tendency had set m, and before the end of the year the banks were paying 50 per cen,t. more on deposits than they found it^necessary to give twelve months before. He (Mr. Pearoe) was not prepeared with any. ■conclusive reasons for cthis chab'gu -It was satisfactory to notice, he continued, that the stringency which arose quite lately was already passing away, and he hoped we might look to a return of a normal state of things m the immediate future.. . -
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Bibliographic details
Manawatu Standard, Volume 3, Issue 70, 15 February 1883, Page 2
Word Count
156BETTER TIMES. Manawatu Standard, Volume 3, Issue 70, 15 February 1883, Page 2
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