STORM WEATHERED.
DOMINION’S FINANCES. SATISFACTION EXPRESSED. LONDON, Sept. 30. The report of the British Trade Commissioner in New Zealand (Mr R. Boulter) to the Board of Trade says that the Dominion lias squared up bravely to its financial difficulties and come through the severest depression in its economic history most satisfactorily, and, as far as possible, weathered the storm by a policy of economy, and self-sacrifice without mortgaging the future. The report expressed the opinion that prospects are promising, especially as the recovery in Britain is already making itself felt in New Zealand. The improvement in the Dominion’s export trade lias given New Zealand women a more liberal allowance of pin-money as shown by the increase of £70,000 in the imports of apparel, mostly for women, and increased imports from Australia and Japan. A matter of serious concern to British exporters is the depreciation of Austratian currency, giving the Commonwealth manufacturer an advantage over the British one which is reinforced by the geographical position.
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https://paperspast.natlib.govt.nz/newspapers/MS19361001.2.96
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Manawatu Standard, Volume LVI, Issue 260, 1 October 1936, Page 9
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164STORM WEATHERED. Manawatu Standard, Volume LVI, Issue 260, 1 October 1936, Page 9
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