CONDITIONS IN ENGLAND.
RECOVERY FROM DEPRESSION.
TOUR OF MR. VINCENT WARD. [by telegraph.—tress association.] WELLINGTON". Thursday. Although it was obvious that England still had a great number of difficulties to overcome, said Mr. Vincent Ward, who, with Mrs. Ward, returned to-day from a three months' holiday trip to the Homoland by the Rangitane, he was of the opinion that England was facing the position squarely, aifd with the mpre optimistic spirit now prevailing it seemed that sKe was on the road to economic recovery.
Mr. Ward said that from a conversation with a prominent London financial expert he learned that New Zealand's credit had stood remarkably well in the face of the world-wide depression in commodity prices. He was reliably informed that there was not the slightest evidence of extensive selling on the part of investors of New Zealand securities, on account of the earthquake. , The decline in prices was in a measure duo to marking down on the Stock Exchange,. which was the sounding board of worljl opinion and which took notice of every factor affecting securities. Mr. Ward travelled extensively over England and paid particular attention to fhe industrial areas.
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New Zealand Herald, Volume LXVIII, Issue 20827, 20 March 1931, Page 13
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192CONDITIONS IN ENGLAND. New Zealand Herald, Volume LXVIII, Issue 20827, 20 March 1931, Page 13
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