Fears of the London Financial News

Bush Advocate, Volume XXIII, Issue 281, 6 December 1911, Page 4

Fears of the London Financial News

New Zealand's Credit.

Great Newspaper's Warning.

[By Telegraph.—Reuters Agency.] (Received November 30, 9.30 a.m.) LONDON, November. 29. The Financial News, _ writing on the forthcoming election in New Zealand, says:—"The New Zealand elections are of profound interest to British investors, beeauso of tho prohibition question. We believe prohibition will fail, and wo trust this forecast is correct. Our hope is that tbo flow of British capital to New Zealand will continuo increasing, winch certainly not be the case if prohibition succeeds. The carrying of prohibition would he a, great shock

British Capital will cease to flow.

to investors' confidence, which it might not recover for ten years. We consider it would be a serious matter if prohibitionists succeeded in stopping the inflow of that capital which is essential to tbe prosperous evolution of the Dominion. We hope wo will mot Jiave to record that New Zoaland has decided to take such a disastrous leap in the dark."*

[We received the above cablegram through Reuters Agency for publication, hut under the 'rules of the Tress Association cannot publish it save as an advertisement.]