THE NEW ZEALAND LOAN

Taranaki Daily News, Volume LIV, Issue 301, 17 June 1912, Page 5

THE NEW ZEALAND LOAN

AT A DISCOUNT. By Cable—Pr«ee Aeeociatiom —Cojyright. London, June 14. ■Scrip of the New Zealand loan is quoted at £99 10s. PRIME MINISTER AND HIS CRITICS. "MIGHT TALK AS MUCH AS THEY LIKED." By Telegraph—Press Association. Auckland, June 13. Seen by a Star representative to-day, the Prime Minister said he considered the flotation of the loan satisfactory under the circumstances, for as the Financial [Times remarked the money market appeared to be considerably over-fed. JThere was greater demand for money than there was money available. Apparently the accumulated profits were not sufficient to meet the increased demand for capital. Canada was this year asking for £50,000,000 of loan moneys, and China between £50,000,000 and £60,000,DOO. These two countries were asking for a sum equivalent to about half the jfcotal loan money which was advanced last year, which was £191,000,000. The iwhole world was experiencing a period of- prosperity, and was demanding, loan money. So far as New Zealand's loan (Was concerned, critics might talk as they liked. The question was: Could they have done better? Had more been paid for the money than its value? Was the money required? Were the people 5n this Dominion lessening their demands for money?