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Gisborne Times, Volume IX, Issue 847, 23 March 1903, Page 4

Here we have atl indication that it would be quite feasible for the colony to “ teach the money-lenders a lesson,” as the Premier phrases it when referring to the “bearing” conspiracies which mat It practically every application by foreign and colonial Governments for loans through the London money market. These loans are taken toll of in a mastei ly manner if we leave the morality of the transaction out of sight. The machinery, Press and otherwise, by which the price of issuing stock is lowered two or three pounds per hundred, and by which later the price is raised, to the great profit of those ,for whose benefit the machinery works, constitutes a tribute to the cleverness of the unscrupulous syndicates in the background. But for a country with the resources possessed by New Zealand to continue to place itself at the mercy of such schemers is not wise, and hence the questions of the non-interest bearing deposits in the banks of this colony, and of the stupid policy which cuts down the rate k of interest upon deposits irj the post office * “wings banks to less than is paid upon o. worthy of the serious attention loans, a,. *n&u ; Telegraph, of every public . of the A curious sequel to the e. “ * i Bowen (Q.) railway on the ground that didn’t pay working expenses is the application of a station-master and an enginefitter, formerly employed on the line, to lease the whole outfit and run a fair service. The terms are not yet disclosed, but the applicants are willing to take over the present rolling-stock, charge the same old rates, and to keep the line in repair. They are said to bo highly qualified officers, and they know the line thoroughly, so j evidently they reckon that it can be made to pay—if there is any serious desire that it gbould pay,