THOUGHTS FOR THE TIMES.
On e It mason Wiiy. What New Zealand’s financial difficulty is ttl the moment, apart from the exchange problem, is the scarcity of fuml-s for investment on mortgage, and this is partly due to the flood of Inca] bodies' debentures coming on the market. There is an attractiveness about these debentures, for they are safe, and there is no Double in collecting the interest, as there might he, and often is. in collecting the interest from a dilatory mortgagor. These local bodies' debentures are stopping the How of fixed deposits into the Banks which means less ItnuN for trade and industry.
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Hokitika Guardian, 1 July 1924, Page 2
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105THOUGHTS FOR THE TIMES. Hokitika Guardian, 1 July 1924, Page 2
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