NEW ZEALAND’S PROPERITY.

Gisborne Times, Volume XXVI, Issue 2127, 28 February 1908, Page 2

NEW ZEALAND’S PROPERITY.

THE M AKING OE A NATION. Press Association. CHRISTCHURCH, Feb. 27. “The continuous dry weather is responsible for a great falling oil in the shipments of lambs,” stated the President of the Canterbury Chamber of Commerce at the meeting yesterday. “The exports from Canterbury being some 300,000' carcases less than at tho corresponding date last year, and this storage is very unlikely to be overtaken this season. Rain was never more urgently required, and that at once, so that the grass may have a chance of springing before the frosts set in. Oli the other hand the grain crops have been harvested ill excellent condition, and the yields generally have exceeded the estimates. Opening prices have been excellent, but the serious fall in the London itheat market during tho past few days foreshadows that lower values will be ruling. It has become quite an axiom that abnormally high prices -in any article, largely reduce the consumption, and this is being demonstarted by. tho somewhat sudden reduction in values, that have recently been cabled. Tho leaflet issued by tho Registrar General, giving the estimated “value of production” for 1905-6, with a. total of £41,153,169, must tend to give a comfortable assurance, that in spite of heavy indebtedness to bondholders, Now" Zealand _is in a healthy and vigorous condition, commercially and financially, and that though set-backs must occasionally assail her, yet her prosperity is founded on a sure foundation, and therefore will steadily increase as the years roll on. May we of Canterbury ho ready, at all times, to play our part in this groat game of progress in the making of a nation.”