HON J.G. WARD IN ENGLAND.

Wairarapa Daily Times, Volume XVI, Issue 5011, 27 April 1895, Page 2

HON J.G. WARD IN ENGLAND.

ADDRESS TO THE LONDON CHAMBER OF COMMERCE.

Beeeiml April 26,7.30 p.m. London, April 25,

Tho Hon. J. G. Ward, Colonial Treasurer of New Zealand, addressing the London Chamber of Commerce, denied that the laud tax had been collected early because the Government, was hard up. It was merely in order to avoid the needless issue of Treasury Bills. Moreovor, the Colony at that time possessed three millions' worth of unpledged securities in London, two-thirds of which he himself forwarded at the time of the crisis in Australia, in order to guard against an emergency. Referring to the action taken regarding the Bank of New Zealand, the Treasurer said the Government was prepared to lose the two millions rather than risk a crisis in the Colony. He denied that the Advancos to Settlors Act was a political dodge. Mr Ward urged upon the Chamber the claims of the Pacific mail and cable services.

Sir G\ Grey confirmed Mr Ward's remarks, saying that those who invested in New Zealand had done wisely, and lmd received handsome returns.

Rcniwil, April 27,0.40 turn, London, April 2G. The Financial Time* says that Mi Ward's address to tlio Chamber ol Commerce produces a good impression as to the financial stability and resources of New Zealand.