THE FINANCIAL CRISIS.

Manawatu Standard, Volume 4, Issue 278, 27 October 1883, Page 2

THE FINANCIAL CRISIS.

I^ne^^w^ of .qut leading artiole, we may here appropriately reproduce some remarks made by the Chairman at the half-yearly meeting oj^jtihe Bagk^jof^ew Zealand *Keld in Aucßand oja : Thur^c|a^v He - observed tliai , the slighi -clecVe^ v in; circulation an dvreduced ; amount pfbiUs ; reoe|f)ablo and payable wprei'due tb the' out the colony and less active exchange' operations pertaining to 4he season* of : the year wnioh the balande^sheet comprises. Deposits exhibited a substantial jncp&e,' and the^advances were'also slightly greatei than last -half. He anMcipated a tight money market' for the next, six' months^ but ' the tehdehcy was nowi i» thp xi%W direction, '.' |mpbrte weVe ; lessening, so af ording relief to the h^avy stocks »ow in. the, colonial warehouses. ; The season promifled faVbuiably for Ikith agricultural and pastoral|iuTsuitß, and there I ' appeared a reasonable probability of a fair market for products. 1 The influence of repent, large shipmehts irbm the South 'was being felt in the stock markets,. and enhanced prices were beitig obtairied by producers^ ilFhile' the numerdus cheese and butter factories being established throughout, the' cbuntrj- affprdepj. 1 graziers! a fair pro^peot of, .profit J from th»ir labouri. / ;