NEW ZEALAND'S PUBLIC CREDIT.
(BY KI.KOTHIC TBLEOBAI'H.—COVYIIHJHT.) Sydney, utie li 4. Tun Sydney Morning Herald in the course of an article favourably reviewing the Speech from tho Throne at tlia opening nf tho Now Zealand Parliament, says a noticeable, feature is that there id no mention of further borrowing. It would be nothing short of fnolhardinuss to make an appeal to the London market at present. Till the injury caused by the New Plymouth Harbour Board's repudiation is in some way repaired abstention from borrowing is a matter of necessity, not choice. The Government must take some specific action to restore the confidence of the public credit before a new loan is even contemplated.
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Waikato Times, Volume XXXIV, Issue 2801, 26 June 1890, Page 2
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114NEW ZEALAND'S PUBLIC CREDIT. Waikato Times, Volume XXXIV, Issue 2801, 26 June 1890, Page 2
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