N.Z.L. AND MERCANTILE AGENCY COMPANY.
(by electric teleqraph.—copyright). London, February 6. At the meeting of the New Zealand Loan and Mercantile Agency Company, Sir John Gorst said that the company bad had a splendid year. Wool of the value of two millions sterling had been imported. The alliance with Hors fall's had proved beneficial in developing the produce market. He expressed the opinion that loans were preferable to mortgages, and mentioned that three-quarters of the capital of tho company was sunk in the colonies. Eeferring to the change which tho New Zealand Government had made in the incidence of taxation, he said the new system was disastrous, and that other companies predicted the withdrawal of capital from that colony. # * The meeting passed a resolution in favour of the future reserves being invested in Government securities. The Eight Hon. A. J. Mundellas, one of the directors, said the depression in shares was due to the unpaid liability, and he suggested that a reduction should be made in the value of the shares. The meeting was enthusiastic in praise of the manner in which the directors had conducted the affairs of the company.
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Waikato Times, Volume XXXVIII, Issue 6053, 9 February 1892, Page 2
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191N.Z.L. AND MERCANTILE AGENCY COMPANY. Waikato Times, Volume XXXVIII, Issue 6053, 9 February 1892, Page 2
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