PASSED NOW
bottom of depression BANKER’S BELIEF (P«r Pr**« Association-» » ROTORUA, this day. the opinion that New Zealand has s«eu the worst of the depression was expressed at the Rotorua Rotary Club by J, T. Grose, chairman of the Associated Bank*, in the course of an address otr the methods of banking in the DoMr.” Grose said that in his opinion New was one of the most fortunate countries in the world to live in. . for some years we had been on a rising tide and had thought that pros- , perlty would continue, he said. We had twin inclined!'at first to meet current liabilities and not to reduce mortgages and other liabilities, which led us into a petition resting on our oars. This inclination had now been cured, and he telieved New Zealand would work out of the difficulties which encompassed her, M she had done in former years. “I believe we have seen the bottom of the depression,” he continued. “AdvicA I have received from London indicates that it is considered there that the bottom has been reached', although it is thought probable that improvement will be slow. New Zealand has a fflflfui. country, people, and banks, and will pull through and be the better for it* 9 WSSSSSBSSSSSSSSSSSSSSSSS
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18179, 29 August 1933, Page 5
Word Count
210PASSED NOW Poverty Bay Herald, Volume LX, Issue 18179, 29 August 1933, Page 5
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