BACK TO PROSPERITY
NEW ZEALAND’S TASK ADJUSTING FINANCIAL CONDITIONS. Received November 8. 9. 25 p.m. (APX-Sw). LONDON, Nov. 8. Commenting on New Zealand’s finances following a ‘‘wave of optimism and over-spending,” the Financial News expresses the following opinion: “Latest trade returns show that conditions are being adjusted, but they have taken unduly long to do so. ami have caused misery in the process. The trouble originated in the refusal to recognise the competition of alien dairy produce in the world markets. “No doubt the New Zealanders are able to regain the old ascendancy now they are seriously giving attention to the latest methods of effective advertising, but without such steps they could only expect to see a contraction of external purchasing power, and it was folly to continue buying luxuries as though this were unlikely to happen.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19271109.2.73
Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 19993, 9 November 1927, Page 10
Word Count
137BACK TO PROSPERITY Wanganui Chronicle, Volume LXXXIII, Issue 19993, 9 November 1927, Page 10
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.