THE WORST OYER.
SOON WORK AT A PROFIT. THE SHEEP OWNERS’ VIEWPOINT. ‘‘l feel justified in concluding upon a note of optimism regarding future prospects," states Mr E. R. Black, president of the Poverty Bay and East Coast Sheepowners’ Union, in the annual report.
"There are indications,” he says, “that the worst ol' the slump is over. It is undoubtedly true that our industry as a whole has reached a point almost of insolvency. It is also true that a continuation of such conditions would completely wipe out our equity in our lands, but, with ail our products far below the cost of production, we are justified in expecting an early recovery in values, and, with a reasonable reduction in production costs, we would l)e able once more to work at a profit. “Our present difficulties serve to emphasise llie vital necessity of keeping our farmers' organisations together actively and cllleicnty lo lake part in I lie affairs of Hie nat ion and obtain the consideration lo which the importance of our industry entitles us."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19310321.2.22
Bibliographic details
Waikato Times, Volume 109, Issue 18283, 21 March 1931, Page 4
Word Count
175THE WORST OYER. Waikato Times, Volume 109, Issue 18283, 21 March 1931, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in