CURRENT COMMENT.

Taranaki Daily News, Volume LVII, Issue 18, 13 January 1915, Page 7

CURRENT COMMENT.

"THE PITY UE IT." (From London Spectator, October .'11.) Never to know the day was ours; Never to hear niy comrades shout ''Victory! see tlic enemy cowers"; 1 Never to see the German rout. Never to hear of Knglanil's glory; Jiever to know our cause was won; Never to hear tlx- old. old, story. "British soldier, well done, well done. i) Death, this is thy sting; 0 Grave, this is thy victory. Vet shall thv name in town and village Graven in brass or lasting stone, Serve as a seed for patriots' tillage, JJlood of our blood, and bone of our bone. 1 When the' cause is won and the bells are ringing, You will live in many a country side. And "forty years on" there will boys be singing Your memory still, young England's pride! 0 Death, where is thy sting? 0 Grave, where is thy victory? THE .MONEY MARKET. That the money market in New Zealand is still in a satisfactory condition is evidenced by the following, from the last issue of the Trade Review; —"Our local money market continues the even tenor of its way, showing very little, effect from the world-wide disturbance consequent upon the war. Money is naturally not available in large sums for Government and municipal loans at normal rates, in fact the value of money generally is somewhat above normal, but for the ordinary commercial and industrial. needs of the community there is a sudicieiit supply of funds, and the banks continue to meet all legitimate requirements in this direction. The enormous demand for hinds in the world's money markets cause 1 by the war is bcuul to keep up rates fo/' some time to come, and consequent loan flotations are practically out of the question. The splendid prices which are being realised I"] 1 our staple lines of produce will bring in very large supply of funds, while it, i>- anticipated that our imports will exhibit a shrinkage for some time, and •oi:.-,(ju< ntly our trading account will ;hoxv an excellent credit balance. This will maintain the supply of money for gem-lei trading requirements at a huMsj~a;fo;v level, a;i 1 tend to keep r.t'-.vi stiatiy at a fat>v normal ligiire."