COLONIAL STOCKS
VIEWS OF A LONDON BANKER
(PER PRESS ASSOCIATION.) London. February 6. Mr A. F. Billinghursr, manager of the country department of the London and Westminster Bank, read a paper on the subject of colonial stocks before members of the London Institute of Bankers. In the course of his remarks he advocated the adoption of a system by which leading coloniss should convert their debentures and inscribed stocks, and make their loans repayable j m fifty years, but retaining the power j during the last twenty years of repaying at short notices. Mr Billinghurst contended that the practice of issuing stocks at a discount simply benefited the dealers. Referring to the stock of 1 individual colonies, he expressed the opinion that investors m New South Wales stocks had nothing to fear, whilst they could scarcely find a safer field ! for investment than m Victorian stocks. South Australia, he thought, had unduly anticipated her future. Queensland had a grand future, but was trying to run before she could walk, and New Zealand, being very heavily burdened, did not present an eligible field for ( investment by trustees.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/AG18890207.2.13
Bibliographic details
Ngā taipitopito pukapuka
Ashburton Guardian, Volume VII, Issue 2057, 7 February 1889, Page 2
Word count
Tapeke kupu
186COLONIAL STOCKS Ashburton Guardian, Volume VII, Issue 2057, 7 February 1889, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in