POST-WAR SLUMP.
DEPRESSION IN AUSTRALIA. (By Telegraph.—Special to Standard.) AUCKLAND, March 25. “I am quite sure that in a couple of years, given good seasons, Australia will have got out of her troubles,” said Mr D. H. Dureau, a leading Melbourne merchant, who arrived at Auckland by the Niagara. “The fact is the Commonwealth is only now experiencing the post-war slnmp that was bound to come sooner or later. It was all very well to go on borrowing money and spending it, but that could not last for ever. The country has got to retrench, which is a very good thing in more ways than one. “You in New Zealand have been wiser, and you are not troubled in anything like the same way.”
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Manawatu Standard, Volume L, Issue 100, 25 March 1930, Page 7
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124POST-WAR SLUMP. Manawatu Standard, Volume L, Issue 100, 25 March 1930, Page 7
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