FOREIGN MONARCH’S MONEY IN ENGLAND.

Gisborne Times, Volume XXV, Issue 2010, 20 February 1907, Page 3

FOREIGN MONARCH’S MONEY IN ENGLAND.

It is a remarkable and significant fact that so man)' foreign potentates are investing tlioir savings in British securities. “I was talking tho other day with a gentleman who is woll known in (iitutieial circles in the city, and equally well in philanthropy” (writes a correspondent of “AI.A.P.”) “and in tho course of our conversation ho"said: ‘Not only Ims the Czur six millions sterling in tho Bank of England, but if ono could go down into those vaults and ask what are tlio different, piles there tho answer would ho astounding. For instance, we know that tlio Kaiser lias a largo sum there. Tho House of Hupsburg is also well represented in tho Bank’s gold. So is thorn Royal money from Spain, Portugal, Italy, and countries oven further away from Home. And what' is the reason of itf It is our commercial integrity. Britain is known* the world over for the honesty of her business transactions. AVo liavo a stable Government and a reigning family that is perfectly .secure, and that is more than can ho said of any other European country, Denmark excepted. It is no secret that the Kaiser is not. quilo at his ease about the Socialistic tendencies of Germany. But tho most significant fact is that ten years ago, long before tho entente cordialo was thought of, and wliilo the French eaicaturists were gravely libelling our late Queen, the religious houses of Franco, especially the sisterhoods, wore drawing in all their money over there and investing them in England. I have a friend, a solicitor, who found himself with so much of that kind of work that ho had to refuse all other offers. If all the figures could ho brought together, it would he found that there arc hundreds of millions of foreign money in vested in British securities, owing to tlio u lists Idol less of political mattors in the rest of Europe.”