The Times. PUBLISHED ON TUESDAY AND FRIDAY AFTERNOONS. FRIDAY, NOVEMBER 1, 1918. AFTER THE WAR.

Pukekohe & Waiuku Times, Volume 7, Issue 422, 1 November 1918, Page 2

The Times. PUBLISHED ON TUESDAY AND FRIDAY AFTERNOONS.

FRIDAY, NOVEMBER 1, 1918. AFTER THE WAR.

"We nothing extenuate, nor let down aught in malice."

The recent course of events in the war zone, marked as they have been by a series of dramatic vie tories for the Allies, justifies the hope that we shall not have to wait very much longer for the cessation of hostilities. Consequently it is necessary to make preparations for peace times. What is to be the position of New Zealand ? In answer to this question, the "Mercantile Gazette" cites the opinion of Mr Dalton , the British Trade Commissioner, who says: "If prices continue high, as seems possible, Xew Zealand after the war should witness a further era of prosperity attended by heavy buying and an important campaign of development. The years immediately following the war will probably show very rapid progress. Prices for our products, or at least some of them, are bound to continue high for a year at least after the war- For instance, the Imperial Government has contracted to take our meat and wool at present prices, and these two items constitute a very large propoition of our exports. But in the fact that our oilier products will be at the mercy of the consumers in the United Kingdom, the " Gazette" sees the need for a word of warning. It says : "At the outset there is bound to be a substantial demand for all our products, and for a year, or perhaps two or three years, prices should be high. And on our part there must be heavy buying, for there are numerous lines of merchandise of which we are absolutely .short, and prices of these goods are bound to fall rapidly as Europe resumes its industrial life. But through all the activity, such as it may be, the burden of heavy taxation will be upon us, and the Covemment of the day must be compelled to exercise the greatest economy.