COLONIAL LOANS.
AN IMPORTANT PROPOSAL.
(BY TELEGEAPH;—OWE CORRESPONDENT.)
: Wjellington, this day. < , ,M».Westgarth, Jiead of 'he firm of West garth and Company, "the London stoct agents and brokers, who is nowrin'Welf lingtop, hasaabmitted to the Premier an important scheme for the consolidating of the loans of the cdlbriies, which he has alsb ■laid before' the Treasurers of other colonies. He proposes either1 to ■ effect' a complete finapcial union by the .consolidation of the stocks of all colonies on a 3 per cent, basisj instead of the present varying rates ,• or as an alternative that: each colony ehould agree to consolidate its loans at 3 per cent, and raise none in future at higher rates. :
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Bibliographic details
Auckland Star, Volume XIX, Issue 219, 17 September 1888, Page 8
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113COLONIAL LOANS. Auckland Star, Volume XIX, Issue 219, 17 September 1888, Page 8
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