A DEFENDER OF SIR J. G. WARD.

Dominion, Volume 4, Issue 1034, 25 January 1911, Page 8

A DEFENDER OF SIR J. G. WARD.

Sir,—l would recommend you to read, and inwardly digest,, the leader in the "New Zealand Times" of January -3. i. am afraid the progressive party—as you facetiously call the present Opposition will have''a hard nut to crack, in reply.. Your readers are well aware that your comments on the five million loan are all for party purposes, and the result is that you discredit, or try to discredit, the finance of the country. This is neither honest nor true, and truth will'prevail in the long run. The five million loan was floated at £9S 10s. per cent., interest 3., per ecnt., with expenses incidental to all loans, and taken- up principally by the underwriters, which (Ices not matter a brass farthing to us so long as we obtain the money oh tho above terms. If you know anything about finance, you must know that it will come to the . public eventually in stocks or, otherwise. You may also conclude that Mr. Massey and The Dominion is. the laughing-stock of the majority of the electors of this country. Can't you. find something better than this old- worn-out wheeze?. _ . I know this will go straight into the W.P.8., therefore I sign myself a PALMERSTON OLD TORY. [It is - with some, resentment that we I surrender to "A Palro.crston Old /Tory s attempt to force his way into our columns by suggesting ' that we would' not print his letter.' Ourresentment has two bases: (1) The fact that the letter is dreadful rubbish, arid :(2) the 1 fact that P*"merston Old Tory" has carefully omitted to.enclose*either bis name or adqress.J