NEW ZEALAND’S POSITION
A REASSURING FORECAST. OPINION OF THE PRESIDENT OF THE NATIONAL BANK. United Press Association —Copyright. (Received July 7, 10.55 p.m.) LONDON, July 7. Air. Logan, presiding at the annual meeting of the National Bank of Nett Zealand, said that the dominant note, in New Zealand last year had been financial stringency,'mainly due. to the reduction of the value of the exports’ surplus. Instead of there being a comfortable margin of profit to cover the interest on loans, New Zealand s exports had done little more than provide the cost of the exports. The recent steady improvement in the outlook justified the hope of an early return of New Zealand’s accustomed prosperity.
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Gisborne Times, Volume XXVII, Issue 2548, 8 July 1909, Page 5
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114NEW ZEALAND’S POSITION Gisborne Times, Volume XXVII, Issue 2548, 8 July 1909, Page 5
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