TRADE IN WELLINGTON.
"NO . FALLING OFF." \ [BV TELEGRAPH. —OWN* CORRESPONDENT.] Chiustchurch, Thursday. , Mb. John Dcthik, of Wellington, in the course,'of an interview here, assured a Times reporter that lie had made up his mind absolutely not to enter politics again. He asserted that there was no falling off in Wellington's prosperity. Prices ior land in the suburbs were (still high, and the two principal local bodiesthe 'City Council and the Harbour Boardwere spending money very freely. As regards the state of affairs in the country gene-* rally, he said ' his business gave. a' reliable indication of its prosperity. To show the confidence that exists, he stated that the output of fencing wire, for instance, is quite as large this year as it has been in. any previous year. The general.trade with the country, he says, is also well maintained, and has shown 110 sign that it is likely to : decrease.. At. the present time 6 per cent., ,i§: rbeing< freely- paid in Wellington for mortgages oh house property, but as far as;, Mr. Duthie knows the only " effect of the stringency is to place an extra 1. per cent, on mortgages.
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New Zealand Herald, Volume XLV, Issue 13750, 15 May 1908, Page 5
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191TRADE IN WELLINGTON. New Zealand Herald, Volume XLV, Issue 13750, 15 May 1908, Page 5
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