NEW ZEALAND BORROWING.
OBTAINING MONEY FROM .VICTORIA.
By Telegraph—Press AssociationCopyright.
Received 12.56 a.in., Feb. 27. MELBOURNE. Feb. 20,
At a meeting of the ,Stock Exchange llie extent to winch Victorian inom'y is being invested in New Zealand few per cents, was referred to, and ibe opinion expressed that such a j-iaciiet should be discouraged, owing to nm desirability of obtaining as much money in the community tor tltei." own security. The Chairman explained tiiat the Slot'.- Exchange would not take any action to stop the New Zealand Oo\ciMiirnt Minting to V-ietoria to obtain money. In an interview Sir .Joseph Ward saV that lie intended to secure to members of the Exchange iiie same cn-'iMneration from the New Zealand Government as is allowed them My the Vniorian and Queesiiland Governm.et ts. At present no brokerage was allowed to members of the Exchange for New Zealand loan business. ...Sit .Joseph Ward, the chairman said, bad promised to use his influence with Mr Seddon to secure llte pejment of brokerage. Trere is a strong feeling among members that, encouraging all the .Stales to come to Victoria will have the effect of making Melbourne the financial centre of the Commonwealth.
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Bibliographic details
Gisborne Times, Volume IX, Issue 827, 27 February 1903, Page 2
Word Count
196NEW ZEALAND BORROWING. Gisborne Times, Volume IX, Issue 827, 27 February 1903, Page 2
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