N.Z. CREDIT.

Press, Volume LXIII, Issue 18904, 20 January 1927, Page 8

N.Z. CREDIT.

LONDON MONEY MARKET. [THE FEBBS oP«eiii Serrlce.] ' AUCKLAND, January IP, Of tho' mwy impressions formed by $- S, Brighaffl, Tpws Clerk of Auakjand, on hig tow abroad, two of the most out* Standing are of the high opinion held of New Zeajgnd in English financial cliolis and of the regard in which our system of local government is held in Australia, the only country visited in which conditions closely approximate those of the Dominion. "I found that the opinion of New Zealand is very high indeed," said Mr Brigham, on his return by the' "It is limeh higher than the opinion concerning Australia." Mr Brigham had the placing of a loan of £500,000 for the city While he was in London, and he said that but for the un.fortuan.te reception of a New, South "Wales loan which was mvm a short while previously, the Auckland loan would have been, floated on even better terms than those actually obtain' ej, namely si' per cent, interest with the issue at fiP'9'. . It was very pleasant to hear New Zealand spoken of highly, and he would like to know that Australia was sinu« lariy regarded, but he ww afraid the, position of Australia not Known as fully 1n London ae it might be- ~.