N.Z. TRADE.
PROSPERITY DUE TO WAR. SLUMP THE ONLY DAGGER. By Telegraph.—Press Association. Received Nov. 3, 8.35 p.m. London, Nov. 2. The report of Mr. Dalton (British Tiade Commissioner ill New Zealand) on New Zealand trade in 1920 says New Zealand's past and present prosperity is due largely to war conditions, and this fact should be fully taken into account in anticipating the immediate future of New Zealand's economic growth.
There has been little development in means of production to give a bigger output. The prices of land which have been ruling have been based on the returns at prices which have been obtainable during the war, and if these prices are maintained the position is sound, but fears are entertained in mauy quarters that there may ho a "lump in prices, so that lands purchased at war values may become unprofitable. This is a weakness in an otherwise strong position.
There does not seem to be much cause for pessimism. It seems not ,unlikely that New Zealand will he given time to readjust herself to the new conditions before a slump comes.— Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 4 November 1920, Page 5
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186N.Z. TRADE. Taranaki Daily News, 4 November 1920, Page 5
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