Melbourne Land Speculation
By Electric Telegraph'- Copyright. (PER PRESS ASSOCIATION!) London. .January 12. The Statist warns English investors against the land inflation in Victoria. It publishes a letter from a prominent man iv Melbourne stating that iv ooiupauies foi wed for the purchase of laud the vendors became provisional directors, and subsequently retired. Members of Parliament were involved in the racket, and new railways were I authorised with a view to buying the ' laud only to sell at a profit. The letter charges' the Government with utilising the knowledge of State secrets, aud asserts that there was no one in Parliament to expose the transactions, as most of the members jrere in. the swim. A private letter received by the manager of a leading bank predicts that a crash will come, owing to ihe hanks having over-lent, and that in the form of a collapse worse than the Bank of New Zealand.
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Bibliographic details
Feilding Star, Volume X, Issue 82, 15 January 1889, Page 2
Word Count
152Melbourne Land Speculation Feilding Star, Volume X, Issue 82, 15 January 1889, Page 2
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