WELLINGTON CHAMBER OF COMMERCE.

Wanganui Chronicle, Volume XXXVIII, Issue 12120, 5 December 1894, Page 2

WELLINGTON CHAMBER OF COMMERCE.

(Per Pkess Aslooiation.)

Wellington, December 3,

The President's address at the quarterly meeting of the Chamber of Commerce was extremely pessimistic. lie declared that the winter just passed had beaten the record for depression for the whole trading community, wholesale and retail alike. The unprecedontly low prices which ruled for products was the first and essential Factor, and other important factors were She banking collapse [ in Australia, our own exoerienoes in that respect, and the legislation alleged to be necessary for the Bank of New Zealand, The most important of all was the want of confidence felt by those in tho trade 1 and private capitalists consequonfc on the scare from tho last two years' legislation. He suggested that a thorough best of the American wool market should be made by the Government either purchasing a cargo of wool, and export the Bame to New York, or arrange with the growers, and guarantee the latter the London price on the day the wool was sold in America. He quotod statistics showing the falling off in imports, exports, etc, A deputation was appointed to wait on the San Fraucisoo mail contractors urging tho claims of Wellington as a port of arrival and departure for mail steamers. A deputation was a!ao appointed to wait on the Colonial Treasurer asking if tho bonus in the beet sugar industry oui be secured before the passing of the proposed Bill, in order to allow arrangements to be made for next season, thus say ng considerable time.