HOW IT HAPPENS.
+ j The London correspondent of the ( Dunedin Star in commenting on the < attacks made in London on New Zea- j land and her finance points out that (
they are the veiy reverse of disinterested. He says " The truth is this. The price of your Government stock shows public confidence in the colony must be growing rather than failing. But there are a number of cliques in the City who have grievances. For example, there is the Midland Railway affair, which has alienated one oection of capitalists, and the New Plymouth Harbour Board default, that rankles with anotker. The Bank oi New Zealand business has caused the colony to btink with hundreds, and so has the New Zealand Loan and Mercantile collapse. Then there is the Advances to Bottlers Bill, which has put up the backs of the Land Mortgage Company and the " bears " of the Stock Ex change, who are naturally trying to lower New Zealand bonds in view of loans to come. All these persons for selfish reasons, talk and write New Zealand down and cause an undoubted amount of mistrust in the City. But the feeling is not o et Mr Seddon thank the Agent-General and hia propitious star) general. If ifc were New Zealand fours would not stand at 106£ to 107."
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Bibliographic details
Feilding Star, Volume XVI, Issue 212, 8 March 1895, Page 2
Word Count
218HOW IT HAPPENS. Feilding Star, Volume XVI, Issue 212, 8 March 1895, Page 2
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