BOOM AND SLUMP.
"Dsfen.ce activity will keep British factories busy and give a big impetus to the velocity of the increasing wages fund. This will make 1937 seem even more prosperous than 1936. The big event of 1937 will be the Coronation. The effect on money turnover will be enormoun. All business connected with tourism will benefit3 and so will nationul morale. "Eeonomie danger may come later in the year when the artificial boost to work and wages has expended itself, but by that time a speeded rearmament programme and the seripus attack which is expected to be made on the distressed areas problem may take up the slack. "One gloomy prospect is that heavy losses in Spain and over the Coronation may hit Lloyds hard and cause some dislocation — which may show up in a tightening of bank advances, which would reflect on the stock market in hasty liquidation. " — ^Business Week, New York.
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https://paperspast.natlib.govt.nz/newspapers/HBHETR19370303.2.15.2
Bibliographic details
Hawke's Bay Herald-Tribune, Issue 40, 3 March 1937, Page 4
Word Count
154BOOM AND SLUMP. Hawke's Bay Herald-Tribune, Issue 40, 3 March 1937, Page 4
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