OPTIMISTIC VIEW
EVERY PROMISE OF IMPROVEMENT IN MARKETS — f "CONFIDENCE IS RETURNING" AUCKLAND, Saturday. "In my opinion there is every indication that the slump is over," said the president of the Associated Chambers of Commerce, Mr. H. T. Merritt, in a considered statement to-day. "AI though there will probably not be a very rapid return to prosperity," he continued, "the situation, as it has developed in England in the last few weeks, shows every promise of better markets for New Zealand produce." There are two outstanding factors leading to his conclusion. The first was the almost unanimous trend of opinion in Britain in favour of a universal protective tariff. The second was the. fact that the suspension of .the gold standard was tantamount to the imposition of a tariff on foreign imports. One effect was that New Zealand's produce had risen in value as against Denmark's, for example; also, foreign buyers would be able to obtain more of our produce for the same amount of money. Mr. Merritt sounded a note of warning against any tendecy to.speculate in the expectation of a boom. Such an event was still a long way off. Finally, he said: "We should now insist, with all the influence we can bring to bear, that Britain grant preferential treatment to New Zealand."
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https://paperspast.natlib.govt.nz/newspapers/RMPOST19310928.2.38.1
Bibliographic details
Rotorua Morning Post, Volume 1, Issue 30, 28 September 1931, Page 3
Word Count
216OPTIMISTIC VIEW Rotorua Morning Post, Volume 1, Issue 30, 28 September 1931, Page 3
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