RACING AND COMMERCE
EARL/ all the leading clubs, including our own premier metropolitan club, have decided to | reduce stakes/' said the Hon. E. W. Alison in his presidential address to-day to members of the Takapuna Jockey Club. "I suggest that our club should not follow on the same lines, as with the highly satisfactory trade balance for the year 1927-28, brought about by an excess of exports of over £9,250,000 and a reduction of imports of over £3,750,000, as against the year 1925-27, combined with the high prices now being obtained in the world's market for practically all our primary products, and with every indication of such conditions continuing for some time, there is good reason to view the coming year optimistically."
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Sun (Auckland), Volume II, Issue 438, 21 August 1928, Page 13
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122RACING AND COMMERCE Sun (Auckland), Volume II, Issue 438, 21 August 1928, Page 13
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