NEW ZEALAND TRADE
DEPRESSION WEATHERED PROMISING PROSPECTS (Received October 1, 12.25 a.m.) LONDON. Sept: 30 The British Trade Commissioner in New Zealand, Mr. Robert Boulter, in his report to the Board of Trade, says that the Dominion has squared up bravely to its financial difficulties and has come through the severest depression in its economic history most satisfactorily. As far as possible, New Zealand has weathered the storm by a policy of economy and self-sacrifice with- i out mortgaging the future. The report expresses the opinion that, the prospects are promising, especially as the recovery of Britain is already making itself felt in New Zealand. The improvement in the Dominion's export trade has given New Zealand women a more liberal allowance of pin money, as is shown by the increase of £70,000 I in imports of wearing apparel, mostly for women.
The increased importation from Australia and Japan is a matter of serious concern to British exporters. The depreciation of the Australian currency gives Commonwealth manufacturers an advantage over the British, which is reinforced by their geographical position.
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Bibliographic details
New Zealand Herald, Volume LXXIII, Issue 22538, 1 October 1936, Page 11
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178NEW ZEALAND TRADE New Zealand Herald, Volume LXXIII, Issue 22538, 1 October 1936, Page 11
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