NEW ZEALAND’S FINANCES
LONDON PAPER’S COMMENTS . \ TROUBLE ORIGINATES IN CONTROL (By Electrio Telegraph—Copyright) ' IA.P.A. and ‘'Sun”) y LONDON, Bth November. Commenting on New Zealand’s finances, following a “wave pf optimism and over-spending,” the “Financial News” expresses the opinion that “the latest trade returns show that conditions are being adjusted, but they have taken unduly long to do so, and have caused misery in the process. Trouble originated in the refusal to recßgni.se the competition of alien dairy produce in the world markets. No doubt New Zealanders are able to regain their old ascendancy now that they are seriously giving their attention to the latest methods of effective advertising, but without such steps they could only expect to see a contraction of their external purchasing power, and it was folly to continue buying luxuries as though this was unlikely to happen.”
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https://paperspast.natlib.govt.nz/newspapers/NEM19271109.2.77
Bibliographic details
Nelson Evening Mail, Volume LXI, 9 November 1927, Page 6
Word Count
140NEW ZEALAND’S FINANCES Nelson Evening Mail, Volume LXI, 9 November 1927, Page 6
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