Depression of Trade.

Manawatu Standard, Volume 4, Issue 248, 21 September 1883, Page 2

Depression of Trade.

! u The dh'iirmah 1 J of the CanterburyChamber. of Gommerce thuesunAmed up the causes of the present depression of trade i^l>)i> The f aoiii ties, that ; hate tjeen afforded' to, people of little- or to capital to begin 1 importing and to trsjjde trj-the detriment of the solvent and res--j ' further,' ; the . diversfoh. of^ire^ing'tbibnoy into speculataveichan-'. pels. (2). The undue proportibnofsthe unproductive classestgf/the community. (4) . -Theinaufficienbyr ,of the populationto meet the .taxation.paused by the ex Tf I „ rji ,-J-Tff<:fj«sSi«U .»r«jT/_rf--_t_|iK penditure ooff f public, money m, the development of the country. i Keviewing 4 th s statement the v ling ton Prices Current says :— <Tbe first of these caus?B~~has been much eomi" plained^oH in'; all the Australian andj wew Zealand marketß> and it is trulj| surprising 4o^see' i the! readiness with !whlch^- ! brderß^' f are i /e^e ! (&ted---lop '^retail tradesmen of' slehdet' "means^ahd veryJ small. business. We Cannot but lmagihe,!tnkt a 'lesaorl^oh" t&^ fbllylof itust course will have beeh-Tearned by many an ; housb at JETomei *> As •to the'' seboWd^nd'To'qrtb.' 'causes, thereiis no doubt that one of the chief wants of the 'cduhtry ,! iB colonists of the 'right; sort to settle on the land and develop the resources of the Colony. "The as a rule are all over-manned There are too many distributers and jtoo 'few producers. Among the ih'stances of public extravagance aire enumerated the various docks and harbour works that, are constructed or pro? posed m Auckland , jliy ttelton, i>uuedin, Timaru, Oamaru i iljara^ak'i/ and other ports, where very iarge sums are being sunk* m 'works, sometimes of doubtful utility, and m many cases certain to be unproductive for many years to come.