AUSTRALIAN FINANCES.
MR COPELAND IN DEFENCE. By Telegraph—Press Association—Copyright Receivod 11.10 p.m., Feb. 19. London, Feb. 19. Mr Copeland’s reply to Mr Wilson was of a vigorous and caustic character. Ho said the scandalous suggestion of repudiation was a more villainous slander than anything printed by tho pro Boer press. Ho emphasised tho land value and reproductive works, especially railways. Examining itio articles, ho showed numerous misstatements and gross exaggeration. Tne Daily Mail, in a leader admits thut Australia's debts are largely represented by soiitl ussets, hut since Australian stocks had become trust investments they must expect close scrutiny, Tho real dangor lay in Australian expenditure being controlled by a class without intorest in securing economy of outlay and administration, and not understanding the difficulties of finance. It was not evidence of care and economy. To complaints of the criticism given, tho Mail points out that tho first suggestion of Australian bankruptcy appeared in a Sydney woekly newspaper.
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Bibliographic details
Gisborne Times, Volume IX, Issue 821, 20 February 1903, Page 2
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158AUSTRALIAN FINANCES. Gisborne Times, Volume IX, Issue 821, 20 February 1903, Page 2
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