Australia's Ruinous Legislation.
Remark? in tiie Statist. Nov. S, 10..V» p.m.) IJOXDOX, Xov. 8. Mr Coghlan (Agent-General for Xew South Wales, in contradicting the assertion by the Melbourne corresixmdent ofjthe Statist thai 1 Australia .was being mined by ruinous legislation, insists that t-he balance oi trade shows that the rnpit*a] still invested in Australia vastly exceeds withdrawals. Tho Statist declare:* thai the trend of Australian legislation is causing considerable misgiving in Ihe minds of liritish invest"'*. for instance the Ulfct'uslnt.d Ac!. The writer declares th.it Australian legislators have failed to ren!i.*> that their present legislation amounts to systematic plundering oJ ovd;tors, and that the confiscation ot the property of the individual may prove the first Stt»p to npudiation. ll,> adds: "Few members of the Stock Exchange now advise their clienis to invest in any Australian securities.'
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https://paperspast.natlib.govt.nz/newspapers/TDN19051109.2.26
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Taranaki Daily News, Volume XLVII, Issue 7973, 9 November 1905, Page 3
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136Australia's Ruinous Legislation. Taranaki Daily News, Volume XLVII, Issue 7973, 9 November 1905, Page 3
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