FEARS OF THE LONDON "FINANCIAL NEWS."
NEW' ZEALAND'S CREDIT. BRITISH CAPITAL WILL CEASE TO PLOW. GREAT NEWSPAPER'S WARNING. London, November 29. The "Financial News." writing on the forthcoming election in New Zealand, says:—"Tlio New Zealand elections are of profound interest to British investors, because of tho prohibition question. Wo belicvo prohibition will fail, and wo trust tho forecast is correct. Our hope is that the flow of British capital to New Zealand will continuo increasing, which certainly will not bo tho case if prohibition succeeds. The carrying of prohibition would bo a great shock to investors' confidence which it might not recover for ten years. We consider it would bn a serious matter if prohibitionists succeeded in stopping the intlow of that capital which i? essential to the prosperous evolution of tho Dominion. We hope we will not lir.ve to record that New Zealand has decided to take such a disastrous leap in the dark."
[Tho abovo cablegram was received yesterday for publication, but linder tbe rules of tUe Press Association it could not bo published save as an advertisement. |
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Dominion, Volume 5, Issue 1301, 2 December 1911, Page 7
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180FEARS OF THE LONDON "FINANCIAL NEWS." Dominion, Volume 5, Issue 1301, 2 December 1911, Page 7
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