BANKRUPT EUROPE
(Press Assn.
must be worse before it is better, SAYS mr. go0dfellow
. — By Telegraph — Copyrlglit),
HAMILTON, Friday. "Europe will have to go bankrupt then America will clear off the war debts and Europe will have a chance to recover." So stated Mr. W. Goodfellow, managing director of the New Zealand Co-operative Dairy Company, speaking at the annual meeting of the Finance Corporation of New Zealand, Limited, in Hamilton, to-day. After pointing out that the profits of the Corporation were solely dependent on the price of butterfat, Mr Goodfellow mentioned that New 2iealand's prosperity was largely hound, up with the war debts question. Qnce Europe had recovered, many of tlie. goods now fiooding the English market would he divei'ted ahd New ZeaLnd's primary products would receive a chance again. "I am not a pessimist; I think the immediate future is bad and may be worse before it is bettei*, but within two years there should he a turn for the better," he added.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/RMPOST19320625.2.36
Bibliographic details
Ngā taipitopito pukapuka
Rotorua Morning Post, Volume 2, Issue 260, 25 June 1932, Page 5
Word count
Tapeke kupu
164BANKRUPT EUROPE Rotorua Morning Post, Volume 2, Issue 260, 25 June 1932, Page 5
Using this item
Te whakamahi i tēnei tūemi
NZME is the copyright owner for the Rotorua Morning Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in