AUSTRALIAN NEWS.
By Electric Telegraph—Copyright.) Sydney, January IG. Tub Sydney Morning Herald, commenting on Sir E. Stafford's remarks at the annual meeting of the New Zealand Land Mortgage Company, urges that Australia is better fitted for investment, because its people are less heavily burdened with debt than New Zealand. The latter colony finds it more difficult to pay interest on loans than Australia. New Zealand has had to pay away in interest a larger proportion of its produce than the Australian colonies, and by the depreciation of such produce New Zealand is the greatest sufferer. The Herald argues that it is clearly recognised in well informed circles that there has been over investment of capital in New Zealand for such a limited population, and capitalists naturally turn to better fields for their money.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WT18890117.2.32
Bibliographic details
Ngā taipitopito pukapuka
Waikato Times, Volume XXXII, Issue 2577, 17 January 1889, Page 2
Word count
Tapeke kupu
133AUSTRALIAN NEWS. Waikato Times, Volume XXXII, Issue 2577, 17 January 1889, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in