Wairarapa Daily Times. [ESTABLISHED 1878.] MONDAY, JANUARY 8, 1894.

Wairarapa Daily Times, Volume XV, Issue 4615, 8 January 1894, Page 2

Wairarapa Daily Times. [ESTABLISHED 1878.] MONDAY, JANUARY 8, 1894.

THE NEW ZEALAND LOAN AN' j MERCANTILE AGENCY 00. Tt is gratifying to kflow that the reconstruction of the New Zealand Loan and Mercantile Agency Company is dow certain, even at a cost of a coll of £5 10a per share, spread over two ycni'B, Evil fortune, as well as good fortune is generally discounted beforehand, and it is extremely probable that in'very, many instances the provision is already made for meeting the aniicipated call. In some few cases, nu doubt, there will be great difficulty in responding to bo largo a demand, but the Block is of a class that is in the main held by well-to-do people, and the claim, though it aggregates nearly three hundred pounds, and averages ncurly a thousand per shareholder, is likely to be fairly met. Then, too, if the re-con-atruotcd Company is conducted prudently, the shaies themselves within eighteen months or two years will have a marketable value. The Evening JPoit seems to think that vpry many persons will avoid their liabilities by declarations of insolvency, but we can hardly believe that there will be any general movement in this direction, •■ According to our Wellington contemporary New Zealand now faces the crisis, which the suspension of the Company has brought about,but there is some reason to hope thafc.the crisis is practically over, and that necessary adjustments have been anticipated and arranged. There is no appearance of disturbance in the New Zealmd money market,as the immediate effect of the message from London intimating the amount of the cull, and very likely ihe effect of the statement will be in the direction of steadying rates, because ah element of doubt and uncertainty, which was paralysing trade, is now determined, We can ouly wish tho New Zealand Loan and Mercantile Compiny as quick a recovery from its late difficulties as the Bank of New Zealand experienced when it got into troubled waters, The Bank has now, admittedly, a splendid future in store, and we hope in a short time to be able to say the same of the Company.