FEARS OF THE LONDON "FINANCIAL NEWS."
NEW ZEALAND'S CREDIT. BRITISH CAPITAL WILL CEASE TO FLOW. GREAT NEWSPAPER'S WARNING. London, November 29. The "Financial News," writing on ihc forthcoming election in New Zealand, says:—"Tho New Zealand elections are of profound interest to British investors, because of the Prohibition question. Wo believe Prohibition will fail, and we trust the forecast is correct. Our hope is that the flow of British capital to New Zealand will oontinuc increasing, which certainly will not be the case if Prohibition succeeds. The carrying of Prohibition would bo a great shock to investors' confidence, which ill might not recover for ten years. We consider it would b« a serious matter if Prohibitiouists succeeded in slopping tho inflow of that capita] which is essential to the prosperous evolution of the Dominion. We hopo we will net have to record that New Zealand has decided to take such a disastrous leap m the dark."*.
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https://paperspast.natlib.govt.nz/newspapers/DOM19111207.2.67
Bibliographic details
Dominion, Volume 5, Issue 1305, 7 December 1911, Page 5
Word Count
155FEARS OF THE LONDON "FINANCIAL NEWS." Dominion, Volume 5, Issue 1305, 7 December 1911, Page 5
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