The Depression.

Manawatu Standard, Volume IV, Issue 209, 31 July 1884, Page 2

The Depression.

Colonel Trimble is reported to have spoken as follows on the depressed state of the Colony :— " He would like to say a word or two before concluding on ihe stagnation that exists m business. He believed that no one thing had caused the stagnation but it was due to a long list of causes. The colony had formerly been going too fast m its expenditure for works, and what was wanted now was rest, m order that the colony might recuperate it«elf and gain frosh strength. The decrease m the value of wool and wheat m the Home market had helped to produce the depression, but he was hopeful this would pass away. A f bog|« " had been raised about the introduction of Indian wheat into the London market, which threatened to swamp the colonial article. That, he felt confident, was quite absurd, as it would cost the shippers m India-more than the colonial shippers to land their wheat m the London market. Not a word was said abotit the Russian wheat, which had more largely inorcas-e.d than the Indian, but he was persuaded the colonial producer had nothing to fear cither from India or Russia m that rospect."