TURN OF THE TIDE.
We have never been able to agree with the rather pessimistic people who, for the last twelve months, have been assuring everybody who cares to listen that New Zaaland has just entered upon a period of serious financial asd industrials depression, says the Auckland "Star." Two facts have stood out with startling clearness in the commercial history of the year— the fall in the market price of some of our staple products and the stringency in the local money market; but we have always regarded the second fact as largely the result of the first, and there has. certainly been no reason to fear that the low prices that ruled temporarily for several of our leading exports would be permanently maintained. Our belief in the financial soundness of the country's position and our faith In its industrial future are amply justified by the export returns that have just been published ,by the Industries and Commerce Department.
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Wairarapa Age, Volume XXXII, Issue 9546, 19 July 1909, Page 4
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160TURN OF THE TIDE. Wairarapa Age, Volume XXXII, Issue 9546, 19 July 1909, Page 4
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