CANTERBURY.

Hawke's Bay Times, Volume IV, Issue 189, 26 August 1864, Page 1 (Supplement)

CANTERBURY.

By the Canterbury newspapers we see that a flairs in that province have not worn a very cheerful complexion for some little time past. Hopes are, however, expressed, that “ matters are new at their worst.” The Press, of August 13, says:— The great depression in trade, which has been gradually spreading throughout the whole of tho Middle Island of New Zealand, has now, it is to bo hoped, come-to a climax, though there can be no reasonable expectation of any decided reaction for two or three months to come. The sheep-farmers, as a .class, aro.sound, though stock and|station property may be said to be unsafeable from the want of money to buy. : Speculation is entirely dead ; and men, unable to obtain the accommodation of favourable times, confine.their operations to the bare necessities of immediate business. In our opinion matters are now at the worst, and a few weeks will see a return to a more active state. The necessary result of the present state of trade is, that great numbers are out of employment. It is much to bo hoped that the Government has taken the precaution af stopping tho immigration for a few months.