COLONIAL PROSPERITY.
PEOPLE'S NATURAL OPTIMISM.
LESSONS OF THE PAST.
By Telegraph.—Press Association.—Copyright.
London, October 8. At a meeting of the Bank of Australasia, Mr. Leslie Sanderson, director, who presided, declared that the prospects "of the wool and wheat yields were excellent. The only unsatisfactory feature was frozen meat, and even that showed some signs of improvement.
Australia and New Zealand were difficult countries for bankers. The natural optimism of the inhabitants tended to undue inflation in values in good times. He hoped the lesson learnt between 1893 and 1903 would prevent people becoming demoralised by the existing prosperity.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19091011.2.53
Bibliographic details
New Zealand Herald, Volume XLVI, Issue 14188, 11 October 1909, Page 5
Word Count
98COLONIAL PROSPERITY. New Zealand Herald, Volume XLVI, Issue 14188, 11 October 1909, Page 5
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in