The Ashburton Guardian, COUNTY AGRICULTURAL & SPORTING RECORDER THURSDAY, DECEMBER 13, 1879.
Our Parliamentry report to-day contains most interesting conveyed at a late hour last night to the House by the Premier, in a cablegram h 8 read - frpm the Loan Agents in London. They announced that the loan of been subscribed for twice over, and thie fact shows that the colony’s,, credit has has not been so. severely; injured as was foarod, Jt 19 to c)f |lfg hjflgligh capitalists' towards the pojopy thgf befprg the loan could be floated a SH3FffilP9 required that no further loan wswltl he asked for three years. : The colony now knows to what extent her borrowing power extends, at least for a time, and for the next three years Government will have
todoitrbMt with th« balance*)! the loan not yet hypothecated, and the-i:evenuc it u taking su?h strenuous meaauref to,ra»e. within the colony. •-■-.i
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