NEW ZEALAND LOANS IN 1879.
+ [From the Home News.] The subjoined table will be interestiag to those who invest in New Zealand securities. It shows that, apart altogether from such occasional issues of capital as that which the New Zealand Agricultural Company issues, to a great extent nominal, there is a perBistent absorption of money by local , bodies in the Colony to an extent far ] greater than the public suspects. De- ] ducting the Agricultural Company's capital and the New Zealand Mortgage Company's capital altogether, three small local bodies borrowed last year more than £700,000, and they still continue to come for loans. This propensity, when it is remembered that the whole population of the Colony is less than 500,000, cannot be too jealously watched. The following is a tolerably complete list of the New Zealand loans and capital raised in 1879 :-- Capital.. New Zealand Agricultural Company £1,000,000 Borough of Napier Consolidated Six per Cent Debentures 60,000 City of Christchurch Six per Cent District Drainage fan 100,000 ' jii Harbor Board Six r Cent Debentures ... 200,000 Harbor Board Six per «junt Debentures 50,00 C City of Wellington Improvements Loan Six per Cent Debentures 100,00. C Church Property Trustees' Six per Cent Debenture Loan 50,00( New Zealand Five per Cent Government Loan ... 5,000,00( Australian and New Zealand Mortgage Company ... 500,00( New Plymouth Harbor Board Debentures 200 00( Total ... • ... £7,260,001
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Bibliographic details
Kumara Times, Issue 1090, 29 March 1880, Page 3
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226NEW ZEALAND LOANS IN 1879. Kumara Times, Issue 1090, 29 March 1880, Page 3
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