AUSTRALIAN FINANCES
(by klecrtic telegram—copyright.) London, January 26. The Investors Review says that only largo gold discoveries in New South Wales will avert a catastrophe and prevent that colony being classed among the fraudulent borrowers. The railway outlay in New South Wales is simply monstrous. The same journal also points out that the early settlement of Western Australia is getting over head and ears in debt, like its bigger neighbours.
Mr Wilson, in the Investors' Review, has a powerful article on " Spendthrift New South Walos." He asserts that the greatest care will •be needed for ten years to prevont bankruptcy, and that tho million loan recently raised locally was a ridiculous fiasco. He seen no indication that the colony intends to retrench' vigorously like New Zealand, and foretells repudiation.
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Waikato Times, Volume XL, Issue 3213, 28 January 1893, Page 2
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129AUSTRALIAN FINANCES Waikato Times, Volume XL, Issue 3213, 28 January 1893, Page 2
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