NEW ZEALAND'S POSITION.
The " Financial News," referring to New Zealand, expresses the opinion that the threatened crisis is coming at last, and her attempt at borrowing is probably the last straw, which will render the crisis inevitable. The article goes on to say that primage on'imports, as proposed by the Government, is a desperate remedy. It mentions that the debt of New {Zealand is equal to one-fifth of the value of the total property of the colony, which is now already fully mortgaged.
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Ashburton Guardian, Volume VII, Issue 1859, 5 June 1888, Page 2
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83NEW ZEALAND'S POSITION. Ashburton Guardian, Volume VII, Issue 1859, 5 June 1888, Page 2
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