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"THE FOREIGN BONDHOLDERS THREATEN THE COLONY."

TO THE EDITOR. Sir, Under the above heading I notice in your issue of to-day a most interesting telegram from your parliamentary reporter in Wellington. He states that the Council of Foreigu Bondholders has threatened to oppose a quotation on the Stock Exchange in London of any new loan for New Zealand. For the information of those of your readers who are aware of the vital importance (especially at the present juncture) of the credit of the colony being maintained on the Stock Exchange, I may say that, should the Committee of that body refuse a settlement and quotation to any new issue of bonds by us, the results would be disastrous, and would effectually put a stop to all borrowing in London. Any promises made by the Hon. J. G. .Vard to the Council of Foreign Bondholders must therefore be worthy of ratification. What are the financial advisers of our Government about?—l am, etc., Murray Aston. Burkes, October 23

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https://paperspast.natlib.govt.nz/newspapers/ESD18971025.2.47.2

Bibliographic details

"THE FOREIGN BONDHOLDERS THREATEN THE COLONY.", Issue 10453, 25 October 1897

Word Count
166

"THE FOREIGN BONDHOLDERS THREATEN THE COLONY." Issue 10453, 25 October 1897

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