NO NEED FOR ALARM
BANKER DEPRECATES FEARS OF SLUMP CONDITIONS IN AUSTRALIA. EFFECT OF INCREASED IMPORTS. SYDNEY, July 12. Addressing delegates to the Agricultural Bureau’s conference at Hawkesbury College today, Mr C. R. McKerihan, president of the Bank of New South Wales, deprecated whispering about the likelihood of another depression in the near future, which he said was quite unwarranted. He said that persons in responsible positions were chiefly responsible for creating a fear complex. Because credit was a bit scarce compared with this time last year, super-pessimists were apt to jump to the conclusion that another depression was imminent.
“The position calls for no alarm,” said Mr McKerihan. “It is entirely due to increased imports.”
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19380713.2.46
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 13 July 1938, Page 7
Word count
Tapeke kupu
116NO NEED FOR ALARM Wairarapa Times-Age, 13 July 1938, Page 7
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in