COLONIAL STOCKS.
| : ‘ !, London, February 5. I' Mr 4, F. Billinghurst, manager c ' the country department of the Londoi and Westminster Bank, read a paper oi The subject of colonial stocks before th members of tha London Institute o Bankers, In the coarse of his remark he advocftted the adoption of a systen by which the leading colonies shook convert their debentnres and inscribe! stocks, and make their loans repayabli in fifty years, but retaining The powei during the last twenty years of repaying at short notices. Mr Billingbnrst con tended that the practice of issuing stocks at a discount simply benefited tb( dealers. Referring to the stock of individual colonies he expressed the opinion that investors in New South:Wales stock had nothing to fear; whilst they could scarcely find a safer field for investment than in Victorian stock, South AusI tralia, be thought, had unduly anticipated her 5 future, Queensland had a grand future, but was trying to run before she could walk ; and New Zealand, being very heavily burdened, did not 'present an eligible field for investment by trnsknes.
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Temuka Leader, Issue 1851, 9 February 1889, Page 1
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180COLONIAL STOCKS. Temuka Leader, Issue 1851, 9 February 1889, Page 1
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