POSITION OF NEW ZEALAND.

Timaru Herald, Volume XIIIC, Issue 13714, 2 October 1908, Page 7

POSITION OF NEW ZEALAND.

AX AUSTRALIAN OPINION.'. I After a run of almost unexampled pros- ; jc rily (s-iy* ■ llic" Sydney Morning Hcrjalil" <iii'oiialh-j New Zealand will piob- ' ably experience no liltlu discomfort, in '■ ai-coinmotlating liei-s-lf to the compara- • lively straitened fireiHiirAanecs in which ' she, now- unfortunately iiud;> herself. When

. any count iv arrives at the *f;'g.- of having ii» p.t mure out of its local bank* than 1 it-- people put iulo those batiks in the , ,-liap,- of depo.Mt:-. it cannot be said to ■ be in a very healthy condition And 'this, ;i.» has bf.en shown in our tinaneial : i oluiiimn, i-i the ease -n illt tile Dominion :ii"\t. tli- banks having advaiiecd upward:ioor. r £1.000,000 in excess of ilk- depoMt.s . held, and as this apparently represents

about the limit, th.-ie iniii-t In: an all ' j-i.uiid .-.JuM iiijj down of ihe p.ii:-. New Zealand, howvvei. is only sull-M ,n;i (loin Ihe l'-eoil which seem- to be the Nem- : >is of unusual piosperity in cvciy conn j try. Thai it inn slaved oil foi so lon^ '. in the Dominion's case was dn«- to a lingular Miei-et.sion ot fortuitous eiicum .-lam: ». Ibe fat thus lieir.ni with the : South African war. when Ihe i-otinliy haal.ie u» take I In- fullest advantage of the abiioimal demand fur fodder, and also for N.i-at.-. 'J he war was followed by the I Austialian diought. during which huge i|U.iiiti'.s of New Zi aland piodine found a ui.iikel lieie at extremely K.'munerati\e

! price-. l.'iuler onlinaiy ciii nil r-tanrc;- ,i l.bi.iind might ban- bieu anticipated 1 u Inn that extramdinaiy d<. uiand- «a«

| satislied. Hut foitune again lavonicd I N-w Zealand, and this lime along with 1 Australia, fur the unit!'- dciiiaiul.i soil- ' ..I ide b -an l" fUvtijitheii, and piiccs • 1... 't!i« staphs «v bad in s.dl tnil.-livd | Ici.K as had nut In en ica.licd loi oiei 1 hall a c in iny.

Km .ildi-.n-li N«« /-Mliiii'l [>.. m —l'-irl (<|ii.illv "illi \b<- i:iininniii«''.tltii i» ih* liii-li pi i..r> ulii.lt vr.- i.-iviviihlp "|> I" liir titiii- i.l' ill.' K-i« '"-'J '""•■I'-* - - •""' ..|iii..tii;!i >U- li.nl tin- .iMitimil.iUi.il* ti» hci .-i.-.lii ..f ill' i.i.'lii;«l»l.- ve.ii>. licCm. u'ni-ii 111' C.iiiiiii..ii«...illli ha> |.| oMi.il-', ill,, nun ..f i hi' ii.lt- i- obvi.iii-Iy ..It-(tin;.' hci .ilmi-clv i •• <(ui''l»]y .mil vii"ii.-l< T It.. II il ,]■.,-' |lli- r-llllltlV. 'llllr. !•.' Milk m-h .i|i|i.iifiil. < v.-ii it *<■ entitle tilt ...iii'|.ni-.>i! t>. liu- .Si.it--. ."ii'l .'l'p'y ''''• -..m0 1...11U111- t,-t. At lit ~< m-Ih n „\.i\ .- fill .1 Irlli. Imul I" UII'l"l"liH'l „!iV t hi- -li'.ui.l 1...' .-.■• .Mili.-iifli N>" /.. :i|..1|.l I- hit .-. MM.'lv I>> til" 1..11 m 5 ,i...l 1-....1 i.'-'ll.U "111. 1..-I. ■'- ».lh H-. 'I..- l-lil.'-tMI -t-)-l«-h- :- l.iitK-i, mill i-.ii .."'I 1-Ml.h. t«" i--ir.il ..... „i «|..1. 1..," I."I l.ill'H "i> ,„„.!, ~, ~,,.,.. „,..„,tti '.il- «..il-l ,| ~, .- S.. lii.,' ....11% V« /• .1-H'l -|,„ii|,| in.- !.,• hi ■■• I''- ' "••.»■ ••; I"' 1,,.. U 1,.,: ... ~, '.1..11, li..- in.iii.-i ..-. .... ~,;,1i. ■..! .i...i|...i, ;.-M!t„u ti'.i.i h- ,i, l!..'i ! 1.....1 -.h" I '"- ■■•■-■' "■ ~ ~-,. .i'i ~.m ■ i -.'li ,K > .Li' - %•!.< ...-i. i- v.-. ■■ ■ '■ i.......in ~....! .- , ii, .- ■• •. . '...■, ~' i..n ! ••" ' : , i. :- . : '!,. ■_.■■ , ■■ . ;■ .. ~ ... !• I' 1, _•■■.• ..• r, |l i i..i . ..i..." - i.-.l .' -, , i '... i.. ■>■ . ..,, ~:■„■ ! |,, \. .. -..,.., |, u .:,- „.,;. :!■■ .-, •• M.ii.:-!. • ■ :.■,•■

adTancedAthitt the past ;teee years or so is ai.tonfiug- Broadly speaking, when countrvfids are marketable at prices be yond w-.f they can be made 10 tain trouble / not la* off.