BOOM CONDITIONS IN THE SOUTH

Shannon News, 30 January 1925, Page 1

BOOM CONDITIONS IN THE SOUTH

“MORTGAGE PI/ASTER” MESS . SEVERE.

Smaller farmers are experiencing difficulty in procuring the necessary ewes to keep their flocks up, on account of the big drain by the almost universal fat lamb trade, and the prices being offered for forward purchases of young ewes,” said the 'Minister of Lands when interviewed after his return from the South Island. “It lmikes one wonder if we are not again approaching the danger-zone of boom conditions, with its inevitable back-wash. “However, everyone I met is m good heart, and, from what one can learn, the ‘mortgage plaster’ is by no means as severe in the far South as in the North. As a consequence, one is not stuck up at every turn by farmers, wanting to know what the Advances Department is doing in not ladling out money with a shovel. Whatever may be the experience in other parts of New Zealand, it am of opinion that the lifting of the moratorium will not cause much anxiety m Southland or Otago.”