DEFENDING NEW ZEALAND.
London, Oct. 12. Mr Perceval, the Agent General for New Zealand, replying to an article in the Investors’ Review, denies that the loans raised by New Zealand have been unprofitably used. He says that the railways compare favourably with those of any other colony, and are really developing the prosperity of the Empire. The expoits of the colony are steadily growing, and land values are steadily increasing. Since 1888 there has been no borrowing at all, while on the other hand the debt has been reduced by £200,000 a year. He contends that the startling assertions in the article in the Investors’ Review are baseless and exhibit the stupendous capacity of the writer for misrepresentation. He declares that the efforts of the Government and people of New Zealand to live within their means ax*e heroic.
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Temuka Leader, Issue 2412, 15 October 1892, Page 4
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138DEFENDING NEW ZEALAND. Temuka Leader, Issue 2412, 15 October 1892, Page 4
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