NEW ZEALAND’S RECOVERY
" SQUARED UP BRAVELY ” TO DEPRESSION TRADE COMMISSIONER'S PRAISE Press Association —By Telegraph—Copyright LONDON, September 30. The Trade Commissioner in New Zealand, Mr R. Boulter, in his report to the Board of Trade, says: “The Dominion has squared up bravely to financial difficulties and has come through the severest depression in its economic history most satisfactorily, and as far as possible has weathered the storm by a policy of economy and self-sacrifice, without mortgaging the future.” The report expressed the opinion that the prospects were promising, especially as the recovery in Britain was already making itself felt in New Zealand. The improvement in the Dominion’s export trade had given New Zealand ladies a more liberal allowance for pin money. It had shown an increase of £72,000. The imports of apparel, mostly for women, had increased. The imports from Australia and Japan were a matter of serious concern' to British exporters, the depreciation of Australian currency giving the Commonwealth manufacturer an advantage over the British, which was reinforced by the geographical position.
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Evening Star, Issue 22458, 1 October 1936, Page 11
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173NEW ZEALAND’S RECOVERY Evening Star, Issue 22458, 1 October 1936, Page 11
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