Manawatu Herald TUESDAY, OCTOBER 4, 1921. NEW ZEALAND'S CREDIT.

Manawatu Herald, Volume XLIII, Issue 2337, 4 October 1921, Page 2

Manawatu Herald TUESDAY, OCTOBER 4, 1921. NEW ZEALAND'S CREDIT.

SIN JOHN FINDLAY was asked by an interviewer in Wellington on Sunday on wliat, ehielly, did be base his view that our position was boiler than that o.L’ the other belligerent countries. “The reasons are numerous,” he answered, “but l shall content myself with one or two of those that strike me as most important. First, I have no hesitation in saying I hat the war has left the standard of comfort in New Zealand higher than elsewhere. It lias left our credit exceedingly good. 1 was able to ascertain in Fnglaud, America, and Canada how our credit is regarded in those countries. I found that wherever 1 met those qualified to speak for linancial circles, New Zealand’s position, as a debtor country, was admittedly conspicuously sound. Financial circles in the Old World and in America do not reach their conclusions by a process of guess work. They have in their possession the tacts and data by which our stability and solvency can best be tested —the area of this Dominion, its fertility and population, and the vigour and honour of its people, have all been duly weighed, jiud it was easily demonstrated that, after all these tests had been applied, New Zealand could safely lie relied upon as a field for safe investment. I am in a position to say that the lending (inaneial houses in New York fully sliq.ro this view, and that, if our Government requires more loan moneys, it can get them from the vast stores of America, on terms as good as in any other country in the world.”