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Hokitika Guardian, 21 April 1922, Page 2

Thk programme of lectures outlined for the Winter School here in May next, stamps the occasion as of the highest importance. The selection ol the professors is on a very high grade, and some of the foremost men in New Zealand will he here. Professor CondlifFo is the best authority on economics in the Dominion. Professor Shelly who will he the director of the Srlic d, has the highest attainments and will lecture on education. The agricultural class lenders are specially strong, Mr A. K. Cockayne is a biologisit of high repute, and with him are thro > gentlemen from the East Cim.st who n o particularly well versed in the bian dies of agriculture in which they specialise. Tlie School will be of a very

high standard, and it is for the fairiners and agricultural students of tin district to take the fullest advantage of the School. A full week, from ?do:ida.v, May loth to Saturday, May 29th. is to he Idled in with the bc-i inhumation the scientists can supply on tlmir specialised subjects. It is an occasion of special interest to tbe people and they should make tbe fullest use of this very rare opportunity. Tbe Progress League is to be congratulated on being able to assist with the Christchurch help in securing so fine an opening this year for the new departure. The school marks a new era for the district, supplying as it will so special an opportunity for those on the land to get the host information available on scientific lives in regard to their pursuit. The town and district is most fortunate in being the centre of a gathering which it is hoped will lie fully availed of by tbe people.

Nbw Zkai.and appears to have weathered the crisis; at all events, the hanking averages for the March quarter exhibit a striking change, indicating a .gradual return to normal conditions, says the “Mercantile Gazette” It may he safely stated that we have turned the coriner. We have ,gono through a time of stress, and we are now emerging, being all tbe better for the test. Tbe cause of the crisis, as in almost all other countries, was due to excessive imports, and faulty judgment as to the prospects. Away luck in April, 1920, we had the first indications that the merchants had made the mistake of purchasing foreign merchandise too freely, and from then on month after month the imports grow in volume until many business firms were threatened with disaster. Tbe banks, however, stood by their customers and accommodated them as | freolv as possible, with results that are j distinctly satisfactory. The changed conditions began to manifest themsel-

ves in n small way in the second half

of last year, and the figures for the March quarter emphasise the improvement. mararfttr trL ' rl?gJl