THE MARKETS
m _____ [per press assooiationJ.
London, Jane 1. It is thought that, m consequence of tbo pledge given by thn Parliament of New Zealand not to borrow m tho London market for three years, tho loan prospects are excellent. The weekly returns of tho Bank of England published to-day bliow the , total reserves m notes and bullion at £12,200,000, and tho proportion of reservo to liabilities at forty per cent, ' being an increase of £400,000 on total reserve, and an increase of one per cent 1 m tho proportion of reserve to lia I bilitics. , The total quantity of wheat afloat , for tho United Kingdom is 2,540,000 ! quarters, and for tho Continent 600,000 > quarters. »r The « Standard " spitefully attacks ' f the New Zealand loan, and suggosts that the money is wanted to xaoet the , I Budget deficit aud sustain the meroaul tile credit,
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Ashburton Guardian, Volume VII, Issue 1857, 2 June 1888, Page 3
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144THE MARKETS Ashburton Guardian, Volume VII, Issue 1857, 2 June 1888, Page 3
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