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Poverty Bay Herald, Volume LXI, Issue 18503, 15 September 1934, Page 4

Subsidence of the foundations of the National Bank of New Zealand at Blenheim has rendered that structure unsafe, and tenders will be called shortly for a new one to take its place in Market street. Speaking at a farmers’ gathering at Urcnui, Mr E. Griffiths, of New Plymouth expressed the opinion that tho dairy £jrmer of New Zealand was the most fortunate dairy farmer in the world. He compared the position in New Zealand with that in the Baltic States, where the farmers were receiving 3d a pound for their butter and there they had to stall their stock for six or seven months in the year. Mr Griffiths considered that the politicians of New Zealand had missed a great opportunity in dealing with the tariffs, which they had reduced by only. 5 per cent., when a little while before they had added 15 per cent, exchange. It would have been tho finest thing for New Zealand if they had allowed British goods to enter free, particularly when England needed helrp to rehabilitate its industries. Moreover, Australia bad just raised the duty on English cotton goods, which had caused dissatisfaction in Britain, and New Zealand had missed the opportunity by not reducing tho tariffs more.