N.Z. TRADE.
«- RETROSPECTIVE AND PROSPECTIVE. A GOOD OUTLOOK. , ■ Received Nov. 3, 8.45 p.m. LONDON, Nov. 2. Mr. Dalton's report on New Zea- ; land trade in 1920 says: New Zealand’s past and present prosperity ■is due largely to war conditions. | This fact should be fully taken into account in anticipating the immediate future of New Zealand's economic growth. There has been little i development in means of production to give a bigger output. The prices I of land which have been ruling have been based on returns at prices which have been obtainable during the war. If these prices are maintained the position is sound, but fears are entertained in many quarters that there may be a slump in prices, so that land purchased at war values may become unprofitable. This is a weakness in an otherw-ise strong position. There does not seem to be much cause for pessimism. It seems not unlikely that l New Zealand will be given time to readjust herself to the new- conditions before a slump conies.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19201104.2.39
Bibliographic details
Wanganui Chronicle, Volume LXXVI, Issue 18017, 4 November 1920, Page 5
Word Count
171N.Z. TRADE. Wanganui Chronicle, Volume LXXVI, Issue 18017, 4 November 1920, Page 5
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in