THE FIVE MILLION LOAN.
Everybody is satisfied that New Zealand's five million loan was a failure. That is to say, it cost tho country more money than it should have cost. The point for discussion now is, not as to the question of failure, but as to whether that failure could have been avoided. It is clear, from the angry tone of the High "Commissioner's cable,that, somebody .blundered at /the time the debentures were being offered. Was the -High Commissioner himself responsible, or dcfestM responsibility rest with authority at this end?' Did the Treasurer take the advice of his advisers at Home? If he did, what was the nature of that advice?
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Wairarapa Age, Volume XXXII, Issue 10131, 9 January 1911, Page 4
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112THE FIVE MILLION LOAN. Wairarapa Age, Volume XXXII, Issue 10131, 9 January 1911, Page 4
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