BRITISH BUSINESS BETTER

Taranaki Daily News, 16 July 1929, Page 9

BRITISH BUSINESS BETTER

MANY SIGNS OF PROGRESS MONEY SHORT IN GERMANY VIEWS OF NEW ZEALANDER (By Wire —Special to News.) Auckland, Last Night. “1 found business in England improving,” said Mr. John Phillips, general manager' in Australia and New Zealand for a well known firm, who for the past ten months has been touring abroad. “I could see signs of progress in many parts of England. “Germany, as far as an outsider can see, is up against it. This is due to lack of money. Before the war Germans would extend almost any terms to foreign buyers; now they ask for cash; they cannot afford to wait for their money and the banks cannot help them at present. “America is developing into a country of chain stores and mergers, and it is difficult to see where it will all end. When one is travelling through America it becomes rather monotonous to see the same stores everywhere with the same goods in the windows. The smaller man is being squeezed out. “Some of the chain stores are already Hi England and no doubt will soon extend to the Continent of Europe. They have'their eyes on Australia as well.”