GENERAL IMPROVEMENT.

Shannon News, 6 September 1927, Page 1

GENERAL IMPROVEMENT.

IN BUSINESS POSITION. “MAY BE EXPECTED IN NEAR FUTURE.” AUCKLAND, August 31. With the surplus of imports almost ’ ■vinod off and the public spending power showing a tendency to increase, a general improvement in the business position may be expected in the near future. That was one of the conclusions adduced by Professor H. Belshaw, Professor of Economics at Auckland University College, in -an address yesterday on . “Some reasons for the ■- present depression of trade.” Professor Belshaw said that for the past 100 years society had been visited by recurrent periods of boom and depression, described by economists as trade eveles. At the moment New Zcaland was passing through one of the - more unpleasant of the cycles. The speaker said lie deemed the failure of:., dairy produce export control one of the ■ aggravating causes responsible for the present position. The existing conditions were mainly brought about by the inflated values at which farms changed hands in the post-war boom, the handicap of many farmers working with inadequate free capital, and the substantial increase in the net indebtedness per head from £7B in 1913 to £l6B in 1926.

‘‘ My own view, ’ ’ said the professor, directing attention to the future outlook, “is that British industry .will slowly but steadily improve its position.” He forecasted a gradual downward trend «in world prices, disturbed by occasional upward movements. — Standard Special.