RURAL OUTLOOK
EXCHANGE AND LAND VALUES. United Press Association—By Electric Tel egraph—Copyright LONDON, November 17. Mr Parker, speaking at the annual meeting of Dalgety and Co., Ltd., said that Australian legislation in reducing interest on mortgages had hit the pastoral companies hard, and in the long run was bound to hit their clients, the very class it was designed to protect. He hoped before long to see some relief in the Australian exchange burden, which, for the past two years, had cost the Company £242,906. Over £2,500,000 invested in New Zealand recently was far from profitable. There were too many people seeking the same business, resulting in cut-throat competition. Another bad feature was inflated land values. It was essential that these should come down, which, he feared, would be a painful process for many farmers and pastoralists.
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19344, 19 November 1932, Page 17
Word Count
137RURAL OUTLOOK Timaru Herald, Volume CXXXVII, Issue 19344, 19 November 1932, Page 17
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