Depression Now Reigns.

For years past, the colony of New Zealand has been plunged in a depression both wide-spread and deep. Scarcely any single class has been quite free from its influence; whilst by far the majority have joined in one loud and long complaint against it. "Business is going to the dogs," says one; "Things are overdone in New Zealand" mutters another, whilst all agree that the openings and opportunities that used to exist in business circles are now no more.

And so thoughtful men have set themselves to the task of ascertaining the cause of all the trouble; whilst even those who are not deep thinkers try and find out for themselves some more or less likely reason and remedy for the state of affairs that things have fallen into.