BETTER TIMES AHEAD.

New Zealand Herald, Volume LXV, Issue 19976, 19 June 1928, Page 8

BETTER TIMES AHEAD.

IMPROVEMENT IN BUSINESS. RAPID MOVEMENT EVIDENT. VIEWS OF AN ECONOMIST* [BY TELEGRAPH. —OWN CORRESPONDENT.] CHRIiSTCHURCH, Monday. "A downward swing of £10,000,000 in our exports gave us the depression. What is an upward swing of £12,000,000 going to do?" asked Professor A. H. Tocker, of Canterbury College, at a meeting of the Christchurch Hardware Merchants' Association, when summing up the economic situation of New Zealand. Professor Tocker said the effect of this transition would not be felt yet. The winter was always a slack time, but after that he did not see what was going to stop a very decided recovery. By s statistical survey of the economic position of the country during the past few years, it could bo seen that there would be a boom in business during the next few months. In 1925-26 the value of the exports from the Dominion had gone down by £10,000,000, but in 1927-28 there had been an increase of nearly £12,000,000. The slump after 1926 would now give way to a boom which would bring the position back to normal. He did not expect, however, that the boom would be manifested until after the winter. There was evident now a rapid movement toward improvement, but at the same time there was also evident the natural depression caused by winter. This depression retarded any boom, but there were signs already of an improvement in business.