GOLD AND FINANCE-
ADVANTAGE TO DEBTOR COUNTRIES. (By Telegraph. -Press Asebcistiro.) CBRISTCHURCH, this day. At the annual meeting of tie Canterbury Chamber of Commence Mr. R- m Fisher was elected president. The W tiring president (rho Hon. \V3gTam) delivered an address dealing with <■ world's production of gold, showing « s an accumulation of gold was preciation of that metal to the disaivftß'" age of creditor countries like England »b» an adTaatajre to debtor countries us New Zealand. He believed that jne prosperity of New Zealand was in e«n» measure increased by the production « gold, and the consequent increase " prices. -5. Referring to national finance, Mr. "-s rami said the recent loan had ■* raised at an inconvenient time, suggested a return to the system from 15 to 40-veaj loans, which »» repayable or convertible at any V between 15 and 40 years. He «» thought New Zealand should •«**■:.■ sjßtem of consols. — - P.
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Bibliographic details
Auckland Star, Volume XLIII, Issue 205, 27 August 1912, Page 4
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148GOLD AND FINANCE- Auckland Star, Volume XLIII, Issue 205, 27 August 1912, Page 4
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