Gold Dredging: Industry.
Tin? greatest field for new con' tfmies to betheg >ld dredgingindus‘rv Comp-'nies are being floated weekly and it is a matter of surprise where nl the available capital comes from. W< understand that the banks are no giving any facilities to investors ii shares. But so popular has becom th : s class -*>f investment that investor rrt' many cases borrowing upoi mortgage of their freehold property to buy shares. Such action is onl; redeemed from reprehensible if tw things be observed. First, that th< siira invested is small; and, secondly that it is very prudently investee That it should happen is no more to b wondered at than that water shoul run do«n a hi'l. It is, liowevei evident that there iR no* nearly so muc lof 'Be capital ready f>.r investment'* ’here was. To some extent this is dr to capitalists lying hack in *he h©li< that before long they may be able \ ask higher rates for their loans.
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https://paperspast.natlib.govt.nz/newspapers/TAN19000220.2.13
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Te Aroha News, Volume XVI, Issue 222053, 20 February 1900, Page 2
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163Gold Dredging: Industry. Te Aroha News, Volume XVI, Issue 222053, 20 February 1900, Page 2
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