THE WAY OUT.
A BANKER’S VIEW. PRICE LEVELS MUST RISE. ■• - v INTERNAL DIFFICULTIES GREAT. ~'lined press Assn.—Elec.. Tel. Copyrlgm SYDNEY,' July 28. Mr. James Ashton, M.L.C., chairman of the Commercial Banking Company of Sydney, In his address to the shareholders at the annual meeting to-day, said there was general agreement throughout the world that there should be an Increase In price levels. However, one might be pardoned for hesitating to subscribe to the doctrine that the world could be saved By making all commodities dearer, and for inclining rather toward the opinion that the outstanding need was to restore a closer balance between the prices of primary and secondary products.
Help might come from outside In the shape of an advance in the prices of Australia’s export commodities, but the internal difficulties In the way of closer equilibrium were very great, Involving as they did controversial political questions. Whatever form of relief could be expeoted, therefore, would depend upon world conditions generally.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19330729.2.38
Bibliographic details
Waikato Times, Volume 114, Issue 19010, 29 July 1933, Page 5
Word Count
162THE WAY OUT. Waikato Times, Volume 114, Issue 19010, 29 July 1933, Page 5
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