The Colonial Treasurer in England.
(Per Press Association). .London, April 25. The Financial Times says that Mr Ward's address to the Chamber of Commerce produced a good impression of the financial stability and resources of New Zealand. The Hon Mr Ward, addressing the London Chamber of Commerce, denied the land tax had been collected early because Government was hard up. It was merely to avoid needless issue of Treasury Bills. Moreover, the coloay at that time possessed three millions worth of unpledged securities in London, twothirds of which he himself forwarded at the time of the crisis in Australia in order to guard against an emergencyReferring to the action re the Bank of New Zealand, the Colonial Treasurer said Government was prepared to lose the two millions rather than risk a crisil in the colony. He denied the Advances to Settlers Act was a political dodge. Sir George Grey confirmed Mr Ward's remarks. .
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Bibliographic details
Feilding Star, Volume XVI, Issue 252, 27 April 1895, Page 2
Word Count
153The Colonial Treasurer in England. Feilding Star, Volume XVI, Issue 252, 27 April 1895, Page 2
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