COLONIAL SECURITIES.
London, June 19. In the House of Commons, Mr Powjll moved a resolution in favour of the suitability of inscribed colonial stocks is trust investments, and the advisabii|y of permitting such a course. Mr Osborne Morgan seconded the aotion, and said colonial investments me. superior to English, returning better interest. Mr Goschen said while desiring to vssist the colonies, he was compelled to be extremely jealous of any trenching )B the Imperial credit. He admitted .he security of colonial stocks, but raestioned the capacity of judges to adjudicate with regard to the credit of the various colonies. All the colonies must be placed on equality, and England was unable to control colonial funds. Without wishing to disparage the colonies, they ought to pause before adopting the proposal. The motion was withdrawn.
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Bibliographic details
Auckland Star, Volume XIX, Issue 146, 21 June 1888, Page 3
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133COLONIAL SECURITIES. Auckland Star, Volume XIX, Issue 146, 21 June 1888, Page 3
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