DEPRESSION IN NEW ZEALAND.
]Chis is how the Sydney Morning Htyald sums up the position ,pf affairs, in this colony :—" Ever^tliing seems to! have gone down; capital and labour are equally expressed'; property has be-; come unsaleable, and- the depreciation. of value is so great that even mortgagees' despair of their money. The' ; labour market is overstocked, and crowds ' of .tinempldypd^.besiege the Government askiegfor. work. ,- , Enterprise and speculation have 1 taken' witfg^ to other lan"ds;; and the great problem for those who! haVe settled interests in the colony is how to hold th»ir_own in face of the .cp^ningjSjtqim Thatca storm is coming, biE'greatef'se verity J Ulan ' any yet' experienced, seems' to~be fell and admitted' on, all sides." ; . I
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Bibliographic details
Manawatu Standard, Volume XI, Issue 1647, 1 March 1886, Page 2
Word Count
118DEPRESSION IN NEW ZEALAND. Manawatu Standard, Volume XI, Issue 1647, 1 March 1886, Page 2
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