BUYING OF LUXURIES
NOTE 01’ WARN INC Air Justice I'raxer has ample .just ifieni inn f, 1- the mile of warning he has sounded concerning the buying of luxtt lies. There is no need lor alarm, hut there i ;; clear call for caution. The* situation disclosed at the erd of the Dominion's financial year at March 31 last had some satisfactory features. A. I c-ci.-rd export trade, registering a total j value of £54.771.000. was accompanied iby an imports total of £49,720,000, j which, although high, was not a record. I However, the visible balance of trade i gives no ground for reckless spending on | imports. That balance was less lavouri ii hie I ban the balnrues nf tho three pvej ceding financial years, which relumed an | cxcc.-.s of exports averaging £7.832.000. 1 Even if comparison he made on what is i generall v regarded as the safer basis oi [ iinimal periods ending on June 30, the tendency towards a less favourable balance is not falsified. No certainty attaches to the expectation that in the three mouths whose returns will complec this seasonal year there will he a compensating recovery.—N.Z. Herald.
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Bibliographic details
Nelson Evening Mail, Volume LVI, 13 June 1925, Page 11
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191BUYING OF LUXURIES Nelson Evening Mail, Volume LVI, 13 June 1925, Page 11
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