DEAR MONEY.
INDICATION OF FINANCIAL
STRINGENCY,
(special to "the press"),
WELLINGTON, March 15
Thero is every indication that New Zealand is going to Experience another period of financial stringency. Money is already becoming scarce, and as a natural corollary, dear. Tho rato for mortgage loans has been raised from a half to ono per cent.
Tho "New Zealand Trade Review," referring to tho money market, points out that the recent slump in mining shares meant a serious loss to the country. The depreciation in the capital value of theso shares held in tho Dominion must bo nearly £*2,000,000, whilo tho loss of revenue from dividends is something like £150,000 per annum.
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Bibliographic details
Press, Volume LXVIII, Issue 14305, 16 March 1912, Page 6
Word Count
111DEAR MONEY. Press, Volume LXVIII, Issue 14305, 16 March 1912, Page 6
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