OUR FINANCIAL POSITION.
MONEY STILL- TIGHT.
j The Xew Zetiland Trade Review says: "The local money market shews very ■little sign of any tendency to ease, and the supply of funds available for investment of all kinds remains very restricted. The volume of our exports has been very well maintained so far, and the prices realised are generally vory satisfactory. For the year to 31st March the total of exports constituted a record, the increase ovier the previous year being £3,640,000. For the two months since then there is a further increase of £39,"000, and the funds from the. realisation of these exports are coming in to assist the money market. On the other hand our imports are still maintaining a very high level, which does not show any sign of reduction, and ftiis '• means calls on the funds of £Be banks for financing them. The ever increasing'trade of the Dominion requires increased capital for all the various trades and enterprises, and constitutes a continual call on the general supply of funds."
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Bibliographic details
Thames Star, Volume XLVII, Issue 14554, 23 June 1913, Page 4
Word Count
172OUR FINANCIAL POSITION. Thames Star, Volume XLVII, Issue 14554, 23 June 1913, Page 4
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