TRADE AND INDUSTRY.

Taranaki Daily News, Volume LVI, Issue 76, 19 August 1914, Page 5

TRADE AND INDUSTRY.

PROSPECTS IN THE DOMINION. Wellington, August Is. A gentleman wllo has had a long and varied commercial experience in the Dominion, retnarked in conversation witii a Dominion reporter last evening that in his opinion tile fears whiclli! had been expressed that the war would give riais to a serious dislocation of commerce and industry in New Zealand were hardly warranted by the visible facts and probabilities. As to the danger of unemployment the departing contingents would take over nine thousand abtabodied men away from the Dominion, and of those three thousand, at a rough'" estimate, would bo country workers, most of whose places, would have to bo filled. The same would 'apply to a fair proportion of the places vacated by the contingcnters hailing from the cities and towns. I 1 or the rest there was every prospect that the oversea trade of the Dominion would be fully maintained. Before long the sea's would be cleared ,of hostile cruisers, and evc-u now a fairly satisfactory arrangement had been made in l-egard to war. risks. Th-a fat- • perml guarantee of four per cent, up to eighty per cent, of the value of the goods insured applied to all outward cargoes from Great Britain, and no doubt some similar arrangement would be made regarding cargoes sent Home from N\jw Zealand and the other Dominions, J. here was thus every prospect of a dear . ' outlet for export produce and also of tnc supply of materials from abroad, upon which some. 'Dominion industries depend, being maintained. As a whole, senernl commercial and industrial conditions should go a good long way towards making up for a reduction in fchp resources of the Government and of local authorities which would necessarily result from the war.