INVESTMENTS

Rotorua Morning Post, Volume 1, Issue 87, 3 December 1931, Page 6

INVESTMENTS

FINANCIAL TIMES REYlEWS PRESENT MARKET POSITION. Investors may well be of good cheer. Three months ago Britain was down and out under a Socialist administration. No power on earth could have saved Britain from a finaneial collapse of the first magnicude, bringing down many countries, including Australia and New Zealand. From a question of years, it became a question of months, and finally, weeks, days and hours. Britain became technically insolvent, unable to pay even those people with current credits. Money was borrow- I ed from r'rance and U.S.A. Such measures proved useless. The gold standard, such as it was, had to be suspended. ' British Empire investors and wage-earners alike faced monetary ruin. But the British Labour leaders, peculiar in that they are always somewhat national in outlook notwithstanding their professed internationalism, to the intense disgust of Russian and German Socialists, were not willing to throw over the capitalist system even at the cost of | starvation for the British people. 1 Rather than elect to do that, at the last moment, after a lifetime of service to the Labour movement, they eleeted to be dubbed "turncoats" and earn the eurses of most of their suppoi'ters, but the heartfelt gratitude of loyalists and many thinkers of their own party who preferred to count the cost. The position has been miraeulously saved. Britain has been given a last magnificent chance. She has only to pref er herself to . f oreigners, develop herself and the British Colonies. If she persists in drinking French wine instead of Australian and smoking Virginian tobacoo instead of Empire tobacco from New Zealand ,Rhodesia, E&ypt and elsewhere; if she persists in looking at Hollywood talkies instead of her own; if she will eat Danish butter and give them money she ean ill alford which they spend on German manufactures; if she goes for Russian butter; if she buys Russian instead of Canadian wheat; if she takes foreign sugar and leaves the finest sugar-growing territories in her Empire idle, then no one can help Britain if she will not help herself. Britain has liot the money, but fche British Empire has more than its fair share of the world's surface, and can apply the strangle hold. KEEP UP WITH THE "FINANCIAL i TIMES." j In finaneial times like these you j need the "N.Z. Finaneial Times"— ; New Zealand's finaneial monthly. ! Learn the real truth about the slump. j The Thames Borough Council has bor- ! rowed 200 per cent. of its ass'ebs. i Coal Oil (N.Z.) Ltd. is in immediate ] danger of losing £170,000 of share- j holders' money. Many other matters j of public interest to New Zealand I shareholders are in the November is- j sue of the "N.Z. Finaneial Times," ! which is not sold everywhere. It can j be obtalned, post free, for the modest i subscription of only One Guinea per • | annum. Order through your station- j er, or write direct, enclosing subscrip- j tion and giving full postal address 1 to — | THE N.Z. FINANCIAL TIMES, | 1 Wellington, \