Thoughts For The Times.
What Tue Future Holds. The fall in the prices of wool and meat, and hides and skins, must affect the finances of the country, and tho money market, such as it is. There is bound to be recourse to the banks and other lending institutions, and these demands must tend to bring about an. advance in the lending rate. Land values, that is, the .value of broad acres, must fall, and. those who have paid very high prices will not appreciate the position, and it is quite possible that they will endeavour to shield themselves from the effects of their folly by importuning the Government to protect them. A special Moratorium Act may bo one of the methods by wiiiich it may be thought desirable to protect the foolish speculators in broad acres. There is a very anxious time aiiead for the people of New Zealand, and there will b. no stability until the speculative value of land and the facilitious value of labour are restored to normal.
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Hokitika Guardian, 4 November 1920, Page 2
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172Thoughts For The Times. Hokitika Guardian, 4 November 1920, Page 2
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