THE OUTLOOK.

Manawatu Standard, Volume LII, Issue 4, 4 December 1931, Page 6

THE OUTLOOK.

FINANCIAL AUTHORITY’S VIEW.

NEAY ZEALAND DUTY

Per Press Association

AVELLINGTON, Nov. 4. At the annual meeting of the AA r el* lington Stock Exchange yesterday, the chairman, Mr Bucholz, said that, naturally, in New Zealand they had to take their portion of the world's troubles. The solution was not at this end and New Zealand’s only consolation was that the best _ brains of all nations were endeavouring to find some remedy. Until about three months ago the trend of everything had appeared to be downwards, the chairman added, but since then, he was glad to say, there had been an appreciable improvement in many commodities, and although ups and downs must be looked for the general feeling was that wo had touched the bottom and the worst was over. However, it must not be forgptten that we had slipped a long way and it behoved everybody to watch wasteful expenditure, not only personally but more particularly that of a national character, where large loans meant a heavy burden in interest charges. The most important matter for New Zealand in the near future was to keep its credit good. He hardly thought one was altogether justified in striking too optimistic a note; he could only say 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.

Mr Bucholz was re-elected chairman, and Mr Martyn Hume vice-chairman.