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THE MELBOURNE LAND BOOM.

SWEEPING* CHARGES. [Peu PEEBB ASSOCIATION.] London, January 12. The " Statist " warns English inv,eators againot the land inflation m Victoria. It publishes a letter from a prominent man m Melbourne, stating that m companies formed for the purchase of land, vendors became provisional directors, and subsequently retired. Members of Parliament were involved m the affair, and new railways were authorised with a view to buying land, only to re- sell at a profit. The letter oharges Government with utilising knowledge of State secrets, and asserts that there was no one m Parliament to expose the transactions, as most of the members were m the swim, A private letter received by tho manager of a leading Bank predicts that a collapse worse than the Bank of New Zealand is impending.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18890114.2.11

Bibliographic details

THE MELBOURNE LAND BOOM., Ashburton Guardian, Volume VII, Issue 2036, 14 January 1889

Word Count
132

THE MELBOURNE LAND BOOM. Ashburton Guardian, Volume VII, Issue 2036, 14 January 1889

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