The financial stringency is undoubtedly over, in the opinion of Mi*. It. M. Simpson, a well-known Wellington insurance manager. This, he says, is chiefly clue to the fact that wool has gone up, while iron is rising in price, li is a curious thing, he remarked, that when iron rises the financial outlook 'becomes brighter. There are accumulated stocks of iron to work off, but it is steadily rising. Then, again, the stimulus to trade, in America has very largely helped in the brightening of tho horizon in Now Zealand. The United (States with its eighty millions of people,. did a large trade with New Zealand, and when trade was stimulated in America, and in England too, it was stimulated in New Zealand. We wore lucky, Mr. Simpson considered, in that the period of financial depression was shorter than usual.
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https://paperspast.natlib.govt.nz/newspapers/GIST19090519.2.21.4
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Gisborne Times, Volume XXVII, Issue 2505, 19 May 1909, Page 4
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140Page 4 Advertisements Column 4 Gisborne Times, Volume XXVII, Issue 2505, 19 May 1909, Page 4
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