Article image
Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

COLONIAL STOCKS

VIEWS OF A LONDON BANKER

(PER PRESS ASSOCIATION.) London. February 6. Mr A. F. Billinghursr, manager of the country department of the London and Westminster Bank, read a paper on the subject of colonial stocks before members of the London Institute of Bankers. In the course of his remarks he advocated the adoption of a system by which leading coloniss should convert their debentures and inscribed stocks, and make their loans repayable j m fifty years, but retaining the power j during the last twenty years of repaying at short notices. Mr Billinghurst contended that the practice of issuing stocks at a discount simply benefited the dealers. Referring to the stock of 1 individual colonies, he expressed the opinion that investors m New South Wales stocks had nothing to fear, whilst they could scarcely find a safer field ! for investment than m Victorian stocks. South Australia, he thought, had unduly anticipated her future. Queensland had a grand future, but was trying to run before she could walk, and New Zealand, being very heavily burdened, did not present an eligible field for ( investment by trustees.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18890207.2.13

Bibliographic details

COLONIAL STOCKS, Ashburton Guardian, Volume VII, Issue 2057, 7 February 1889

Word Count
186

COLONIAL STOCKS Ashburton Guardian, Volume VII, Issue 2057, 7 February 1889

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.

Working