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Daily Telegraph (Napier), Issue 5322, 12 September 1888, Page 2

Timi. after timo we aro told that British capital is being largely invested in these colonies, and as often as the statement is made, it is refuted. The recent banking returns, when examined, certainly did not prove thftt large investments had been made by English eupital'.ts in tho colony, but looking at the heavy shipments being made from Home to tho colonies, we are driven to the conclusion that foreign capital is being largely introluccd. The shipments from Great Britain for the Australasian colonies for tho four weeks ended 2','ud Juno totalled J-2,-1-5,.00, against £1,0!),*), 100 for the preceding month, and £1,75.5,500 for the corresponding period of last year. Of course, some portion of that increase must bo credited to tho Melbourne Exhibition, but that does not satisfactorily account for the enormous gain. Tho shipments to this colony for the month exhibit a decrease as compared with the previous year, and taking the twelve weeks of 1888- ending with the date we have given, aud comparing with tjio corresponding period of the previous year, t-herp is a groat falling off, the figures being aa against £734,000. Thy shipments to Melbourne, ou thu other hand, show an increase of £472,000 for the month, and £804,000 for the twelve weeks. To Sydney the returns show an increase for the month of £240,000, aud £.>0!),000 for the larger period. Some of the increase may be attributed to the prospect of higher freights, and those linns who had agents at Homo, and who had agreements for lixed rates for certain periods, may have been taking advantage of their opportunities. Tho import markets in all the colonies are overstocked .with quods, and probltbly Now Zealand in that respect js the strongest of all, for wo have not boon over-importing, and therefore our stooks aro lighter than those held jn tho neighboring colonies. These, tonnage arraugoiuent-, which require certain notice on both nides, will msulfc i" importers largely extending their purchases during the period they CHU command low freights, so tliat it is likely tor some t'rnn to onmn ;Lh»4 fhe exports from Home to the colonies will show'largely increasing figures,