THE FINANCIAL OUTLOOK
FAVOCHAdIXI! PUOSI'EI'TS. By. Telegraph.—Press Association. Dunedin, August (i. Mr. I). .Mcpherson, President of the Chamber of Commerce, in his .annual address, referring to the financial outlook, said Ihe prospects of the wool markets were more encouraging. Hanking and other financial institutions deserved credit for bringing the dnmhion through the crisis in tlie earlv part of the year with so little damage. Then had been no falling off ill the distributing trade. Although the imports for 10IIS showed an excess over exports of one million, the positim was altered if the llgiircs were taken for the vear ended March, 111(111, which showed an excess of imports over exports of nearly 0200,000. This was promising for (.lie current year and encouraging to farmers and Hock owners. While there was still need for prudence and economy, there was every reason to hope that there were as good \ limes ahead as have been in the past. I
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Taranaki Daily News, Volume LII, Issue 166, 7 August 1909, Page 2
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156THE FINANCIAL OUTLOOK Taranaki Daily News, Volume LII, Issue 166, 7 August 1909, Page 2
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