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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
98

COLONIAL PROSPERITY. New Zealand Herald, Volume XLVI, Issue 14188, 11 October 1909, Page 5

COLONIAL PROSPERITY. New Zealand Herald, Volume XLVI, Issue 14188, 11 October 1909, Page 5

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