SIR DILLON BELL ON NEW ZEALAND LOANS.
Dunedin, This day
Sir Dillon Bell has forwarded a reply to the resolution of thanks forwarded to him by tho Dunedin Chamber of Commerce for his exertions in the matter of tho million loan. One clause of his letter reads as follows :—" Tho success of tho million loan very likely appeared all the greater by comparison with tho last financial operation we had to make. That the colony should, have been able only throe years after giving £120 of stock for £97 10s in cash to place a 4 per cent, loan at £98 12s Gd shows how much its credit has risen in the time. lam very grateful for the Chamber's appreciation of my own part in the business, but you may depend upon it that the real secret of your success was the confidence of investors in our good faith, and their belief in our determination to maintain economy and sufficient taxation as the true security of our finance."
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Daily Telegraph (Napier), Issue 3755, 28 July 1883, Page 3
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168SIR DILLON BELL ON NEW ZEALAND LOANS. Daily Telegraph (Napier), Issue 3755, 28 July 1883, Page 3
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