BRITISH CAPITAL.

Taranaki Daily News, Volume LIII, Issue 45, 2 June 1910, Page 5

BRITISH CAPITAL.

TO DEVELOP AUSTRALIA. LATE KING'S INTEREST IN THE COLONIES. By Cable—Press Association—Copyright Received June 1, 9.30 .p.m. London, May 31.

Sir George Reid, referring to the West Australian loan, said Australia, if put to it, could find its own money for all its needs, but the more British capital that was conveyed into Australian securities, the 'better for the British capitalist, Australia, and the, Empire. Mr. Moore (Premier of Australia), referring to the loan, said Australia would come to London during the next year or two for four or five millions. West Australia was now more solidly genuinely prosperous than in the palmiest days of thfe gold boom. He instanced the wheat production, and said the colony would soon share with Tasmania the world's fruit markets. The immediate pressing necessity was (population. His last audience with the late King revealed to him the profound interest King Edward took in the overseas dominions. His intimate knowledge of such a remote State &» Vest Australia, and his active sympathy with their ambitions and aspirations, was most marked. The last hours of King (Edward's life had been given in service to the overseas Empire. King George, who ihad received him as the Prince of Wales, was a great Imperialist, and no one knew better or understood ibefcter the overseas people.