SIGNS OF IMPROVEMENT.

West Coast Times, Issue 3749, 12 April 1881, Page 2

SIGNS OF IMPROVEMENT.

[WELLINGTON POST.}

There are not wanting many indications that a marked improvement in the value of property is steadily setting in. The utter stagnation which has so long prevailed i 3 slowly but, we may hope, surely passing away. One very strong symptom of renewed activity in mercantile matters generally is the ready sale at satisfactory prices which the town and country properties recently offered have met with. For some time previously land was almost unsaleable save at a ruinous sacrifice, but now it appears to be gradually coming into demand once more and saleable, if not at the fancy prices produced by the fictitious value placed on property a few years ago, nevertheless at favorable rates, All this seems to point to a revival in trade after the long period of depression. The recovery has been slower in Wellington than in other parts of New Zealand because we have hardly any back country yet brought into railway communication with the city. In Christchurch and Dunedin where they have ample back country, opened uo by 800 miles of railway, the improvement which appears now so tardily reaching Wellington has long been in full swing. This ought to be another spur to the energies of those who are promoting the West Coast railway. Until the Wellington back country is thoroughly opened by railways, and thus brought into easy communication with this port and its splendid harbor, Wellington will always lag bebiud other parts of New Zealand. The great object of our aims and endeavors ought to be, therefore, to overcome this drawback, and so to place Wellington in this position to which her exceptional advantages of site and harbor justly entitle her to aspire.