Tlio attempt made by A Lottkiiv the Directors of the Van Faiihiik. Women's Laud Bank, to
work off dead assets, by menus of a lottery, has proved a failure, and no one should be sorry. The only safe wi|y of realising assets, is' to write, oil' the- fictitious vuliio, and place them on the market at their true market worth. To play upon the gambling nature of the Colonial, and by such means to secure a better price, in the liouidation of assets, is not honest. The failure of tip's Iqtfory, will iiave a depressing- effect on a similar scheme which was in contemplation jn tin's Colony, Legislation for the New Zealand schomo is necessary, and it will be interesting to watch the procedure of it House that last year passed a Gambling Act, and restricted the use of the tolalisator,
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Wairarapa Daily Times, Volume XVI, Issue 5022, 10 May 1895, Page 2
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141Untitled Wairarapa Daily Times, Volume XVI, Issue 5022, 10 May 1895, Page 2
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