COLONIAL LOANS.
[Bt Ei-kctric Tkleoraph—Copyright.] London, March 27. In the discussion on Mr Westgarth's paper on colonial loans at the meeting of the Colonial Institute, Sir (!. Berry, said Melbourne was now one of the strongest cities in the Umpire against an "pen foe. Sir G. Baden-l'owell showed that British investois now greatly preferred colonial to foreign securities. Sir t'\ Dillon Bell said that money invested in railways in colonies ought to be regarded as British in> estments as much as though it were l.ut to Yorkshire. Mrfi.W. Hawker said that South Australia had borrowed too fast. The Transcontinental Railway was not reproductive, and passed chiefly'through a barren and u-aterl.-.-s country. Mr Speight. Yie'oiian Railway Commissioner, (lenii'd that Australia possessed ii national debt in the European sense. The Transcontinental line was directly profitable :u.d opened u,i a valuable country in Kiuiiii tlie existing deit ca>ily paid interest oncost of
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Waikato Times, Volume XXXII, Issue 2608, 30 March 1889, Page 2
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148COLONIAL LOANS. Waikato Times, Volume XXXII, Issue 2608, 30 March 1889, Page 2
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