A NEW COLONIAL LOAN.

Press, Volume XXXI, Issue 4287, 26 April 1879, Page 3

A NEW COLONIAL LOAN.

[Bt T___GBAFH j W-L-INGTOX, April 25,

Tt i& stated that one of the first proposals that nirpTTiment wiil make to Parliament next be to raise a four million loan. have received a cable message from jSon, advising them teatrecent New &_£__ five per cents stand h.gher in the r_£=t thaa teeyever stood before, and that Zealand securities generally are very firm. Iri an-sppar-itiy semi-officuu article, the « C-roaide " to-mgM saya :-It is evident that if tte t_a» has not already arrived, it will som ame to be opportune to place another loan on ibe market- By virtue of the verbal assurances dye- by ths kan agents to the Bank of England the et&ou? is prevented from arranging jaothsr loan before September next, and we jjjoald say that one of the first proposals to be made by the Government _ext session will be afresh loan, the amount of which ia not likely to be less than four millions. It is now plainly feßoasintedtba* the Opposition in 1877 in refeaogtiss loan from four millions to two and a _Uf BuEions seriously injured the colony. Aaot-sr __Uion and a half nowat the disposal <f ths Minister of Public Works would have area the colony a lift over the temp-nary period 2 co-merci-l depresiion by relieving the presg_- oa the Bank reserves, while it would have iS»_rt_ened its position with the Bank of Eaziand and the English market by extending of our demands—an important eonE&ntio- with the financial firms on whom so Each of the success of every loan depends.