NEW ZEALAND STOCKS

Wairarapa Times-Age, 28 October 1940, Page 4

NEW ZEALAND STOCKS

REVIEW BY “INVESTORS’ CRONICLE” AN ATTRACTIVE YIELD. COMMENT ON DOMINION POLICY. (By Telegraph—Press Association—Copyright) ' LONDON, October 26. The “Investors’ Chronicle,” reviewing the market appeal of New Zealand stocks, writes: “To say New Zealand is the most advanced of the Dominions is merely to state the obvious. The progress of her social and economic reforms before the war was watched here with interest and sympathy—and some anxiety. Since then the transition from a peace to a war time economy has been achieved remarkably smoothly. “Compulsory loans are foreign to our nature, but many feel that New Zealand is approaching the problem of financing the war without inflation on sensible lines. New Zealand is not out of the wood yet, but has certain very substantial, if slightly intangible, assets. “The manner in which New Zealanders have rallied to the cause of the Mother Country will not be forgotten here. And throughout all the debt contretemps before the war New Zealand statesmen never failed to emphasise that the maintenance of debt services and maximum purchases of United Kingdom goods were their primary considerations. “The yields offering on New Zealand stocks must be considered attractive.”