DOMINION’S FUTURE

Hokitika Guardian, 4 December 1931, Page 6

DOMINION’S FUTURE

MESSAGE TO THE PEOPLE. STOCK EXCHANGE ACTIVITIES. (By Telegraph—Per Press Associat ion) WELLINGTON, December 4. At the annual meeting of the Wellington ’Stock Exchange yesterday, the chairman, Mr Bueholz said that, naturally, in New Zealand, they had to take their portion of the world’s troubles. The solution was not at this end, and New Zealand’s only consolation was that the best brains of all nations were endeavouring to find some remedy. Until about three months ago, the trend of everything appeared to he downward, but, since then, lie was glad to say there was an appreciable improvement of many commodities, and although ups and downs must be looked for generally, the feeling was that they had touched 1 the bottom and the worst was over.

However, he continued, it must not be forgotten that they had slipped a long way and it behoved everybody to watch against wasteful expenditure, not only personally, but more particularly that of a national character where large loans meant a heavy burden in interest charges. The most important matter for New Zealand in the. near future was to keep its credit good. He hardly thought one altogether justified in stiking too optimistic a note, and be could only say there was considerable improvement as regards stockshares. It was a noticeable feature recently that people were starting to buy who had consistently held off for a very considerable time, and generally there were now more buyers about seeking investments of conservative nature. Mr Bucholz was re-elected chairman, and Mr Mariya Hume vice-chairman.