COLONIAL FINANCES.
AS OTHERS SEE US. INVESTORS FIGHTING SHY OF NEW ZEALAND LOANS. By Telegraph—Press Association—Copyright (Received 10.25 p.m., mb. 18.) London, Feb. 13. The Morning Post, in an optimistic leader, says that the obvious movement commenced in Victoria in favor of retrenchment is but a prelude to others taking a similar step. The Scotsman says it is high time Australia began to think seriously of taking in sail if sho wishes to weather the next financial storm. Already investors wero fighting shy of New Zealand loans. The Times’ Sydney correspondent strongly attacks New South Wales’ extravagance, and describes Mr O'Sullivan’s justifications of his policy a 6 claptrap for tho gullible elector. The Daily Telegraph deprecates alarmist tales of Australia’s credit, which had done duty bei'oro tho economic situation really improved. The Standard states that it is expected the New Zealand loan will be issuod at 94f
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Bibliographic details
Gisborne Times, Volume IX, Issue 826, 14 February 1903, Page 2
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147COLONIAL FINANCES. Gisborne Times, Volume IX, Issue 826, 14 February 1903, Page 2
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