Growth of the Colonies

Feilding Star, Volume III, Issue 93, 19 April 1883, Page 3

Growth of the Colonies-

"The high importance of Australia to the investor is seen when we remember that already nearly one-fourth of the English capital that is invested outride England is invested in Australia ; already nearly 20 tni 'lions sterling finds its way to En. land as interest on capital invested in public or private loans in Australia ; already the steam of private enterprise sees ■fit to invest increasing amounts in Australian developments Underlying all this is the one, main fact that the Australian colonies are young comaunities, in the heyday of marvellously rapid growth Between 1870 and 1880 New Zealand actually doubled jts population. At the .accession of Queen Victoria the ■commerce of the Australias was ina;gnificant. To-day it is of the same magnitude as the whole trade ot the Tjnited Kingdom at the commencement of this reign. And this new Australian trade has this very special interest for English capitalists, in that it is aud must for mtfny years -continue in the main to be an exchange of Australian raw materials for English manufactures. Sir D. Bell well emphasised this point when he said 'one. of us Australians is worth more to the English manufacturer than & dQ*eu Americans, eighteen Fenchmen, or twenty Germans.' This growth of these. • Australian colonies- is more Vapid' than toe growth of any other community in the world, not even omitting the United States. To discount this certain future is a perfectly legitimate, and a surely profitable method of investment."