A.M.P. SOCIETY.

Taranaki Daily News, Volume LII, Issue 93, 15 May 1909, Page 2

A.M.P. SOCIETY.

NEW ZEALAND'S ITNAXCTAL CONDITION. Received May l.i. 0.55 a.m. Sydney, La-t Night. The A.M.P. Soeieiy held its sixteenth meeting to-day. The president said Ue society was still making records. Th interest earned during the year was ,t4 !)s 4d per cent., a drop of Til on the rate of 11KI7, but the rate had hardened with in the last few months. Mr. Johnston, of New Zealand, in supporting the motion for the adoption of the report, said Hut new business i:i the Dominion constituted a record, Comment on the financial condition of New Zealand was not infrequent just now. It must he admitted, he said. Unit the Dominion had not escaped the general trade depression, which, in some parts of the country had licen accentuated bv dealings in land—agricultural, pastoral, and suburban- -which could not possiblv be justified, unless by a bcli I Hint, whatever one paid, some still more] confident iperson would shortly offer move. Rut, on the other hand, the Dominion laid experienced a marvellously favoraWe season, yielding rich and proline lambing, a heavy wool clip, good fruit crop*- |U " I "" abundant supply of milk. In addition, there had been a verv important vceove/y ill the price of wo.il. On the whole he thought the conditions point to a general improvement, „ m | ~ reasonable view is that the worst trouble is already lover, and that with proper care there was no cause for alarm.