THOUGHTS FOR THE TIMES
A Lean Year. Not so very long ago, Mr H. Buckleton. General Manager of the Bank of New Zealand stated that the Dominion was in for a lean year, and the hanking returns for the March quarter give emphatic support to this prediction, for all classes of deposits show a decline of £2.(390.591 as compared with a year ago, while the advances and discounts increased by £2.010.66G. The note circulation contracted by £227.301 and the spending power of the people has decreased by £2,632,374, as compared with a year ago. These are all adverse factors, and call for the greatest economy on the y ' of everyone. —Mercantile Gazette.
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Hokitika Guardian, 22 April 1927, Page 2
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112THOUGHTS FOR THE TIMES Hokitika Guardian, 22 April 1927, Page 2
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