The chronicle PUBLISHED DAILY LEVIN. SATURDAY, JULY 31 1915.

Horowhenua Chronicle, 31 July 1915, Page 2

The chronicle PUBLISHED DAILY LEVIN. SATURDAY, JULY 31 1915.

A .-dWIJOI.S ASl'i'XT Ut' NEW ZEALAND l''N A.\CIO. A -Inking jiroi'i oi iJu- disori;aiii>a--1 i<lli dt the nurld'.-. basinet cliii'iJitin' hit-,1 lon mouths is to bo soon hi the statistics ol the various countries. Ui ;i!nll>>L every branch of trade an<l commerce the are abnormal, and there cannot I'ail to tollou a serious rellex in linancial channels. which all arr intimately connoetod with trade ami other business activities. The uioiii'Vs diverted from peaceful activities lo I hose dependedt upon war mav ho circulating as freely and as widely as ever, but there is lit tic ur noncompensation lor the disturbed or vanished inoalits ol exchange which ill effect arc the passing of moneys between states and nations. This lael musi ho borne in upon tin; minds ol all who i rouble to study the monthly abstract ol statistics sent out by tlio Now Zealand Govo<rn inent. statistician. In nineteen out of every twenty heads of imports. New Zealand is shown to he insiiflicieiiily supplied to meet future needs. In a measure this fact is due 'to the unwillingness ol imporiitijj; houses to load themselves with y,00d.iliat miejit prove temporarily unsaleable. but for the yrealor part these shnrl:i<jes have been caused by the un readiness or the enduring inability >1' overseas manufacturers and agents to supply the bulk of tin* orders sent- to iliom. Apart from the oii of trade aiitl manufactures in'No: Zealand caused through lack ur insuflicii'iiey of material, there is to be laced Ihe serious and enduring in the C iihtonis revenue oj the dominion. I here was a falling away of over on.: and a-ltali' million pounds sterling (.Cl,in the imports lor the three first months ut HJlo a;s eomuared v, ith (hose of .January. J'ebruarv and

.March ul 1911. If we take the aver■'n 1 ' perciuiki#. l ol Customs dues lor >.cw Zealand an lo per centum- nut an extravagant estimate -il will be seen lliat in I lie la.-,t (|Uarter el the financial vear 1911-10 '.New Zealand's Customs revenue must have fallen by about £lo(),tll)(). J'eople of optimistic Lcn deiicies will lake comfort in the laci. that as tJje imports were lower lucre would be more money to New Zealand'* credit in London, but true a,s lit fae 1 . is, there remains the reflection tlia." serious disorganisation of local activities must result) from the lack of ne"cKsary goods and materials For nnui'!iaetures. agriculture and other niportanl industries of the dominion. It remains for those in responsible places to take such 'steps ats tliey best can to stimulate production wherever they may. to the end Hint New Zealand finance may be betleml. Otherwise there will be hard time.s indeed for 'i ifortion of our people. Statesmanlike action at the present time would do a great <leal for amelioration of tlie country's condition. atid tlie Administration should move in the malfer. ':i a later issue Tlio Chronicle may indicate one or two avenues of useful endeavour that could be opened up by judicious leading on the paHi of the Government.