ADJUSTING CONDITIONS
NEW ZEALAND FINANCES COMMENT FROM OVERSEAS (N.Z., and A.P.A., \ and Sun.) LONDON, Nov. 8. Commenting on New Zealand’s finances, following a tvave of optimism and over-spending, the Financial News expresses the opinion that the latest trade returns show that conditions arc being adjusted, but they have taken unduly long to do so and have caused misery in the process. The trouble originated in the refusal to recognise the competition of alien dairy produce in the world markets. No doubt the New Zealanders will be able to regain their old ascendancy, now that they are seriously giving attention to the latest methods of effective advertising, but without such steps they could only expect to see a contraction of external purchasing power, and it was folly to continue buying luxuries as though this were unlikely to happen.
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Bibliographic details
Poverty Bay Herald, Volume LIII, Issue 16492, 9 November 1927, Page 7
Word Count
137ADJUSTING CONDITIONS Poverty Bay Herald, Volume LIII, Issue 16492, 9 November 1927, Page 7
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