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THE MONEY MARKET

VT-\TK.UENT «V MINISTER OF FINANCE. At Awkland \\-.-aruay the attention of lli's Minister of Finar.w was directed to I it' rtciiit sLat-imcnl by the Nftw South Wo!-::. r v..)' it. ;vill 1)8 a matter of practical im- ■ "[K;;-.iibili:y for Uovorninent to raise loans icr pubiil- works purpose, v/hi'ei even the ' |.iuiK:'jih'y oi'their being able to raiso ir.oncv for th« purposes ci getting matured loa:is"w:ll l>o fixtrwnely gemote. .M Allen did not comment on the affairs of tho -A ustralian Stat-ss, but £avo some in- ; formation in r«spect to New Zealand. "We have a £2,K)C>.OOO wax Joan/' lie declared, "and the £5,250.000 required to pay oif j-Ii« balance of Sir Joseph. Ward's loan. 'J.'hos>> animnts have lwaii raised by th« ; Mot-b r Country in her war loan, and we pay just- the same rat* of interest as Bri-ll-in, which is very ch«ap indeed. In addition to that. New Zealand has had money nff'.-rcd to her from London within the last 10 day*. I cannot say how- much it is nor i i):o rate of interest, which i» not de- ' /iniic-Jy fixed yet. We are in an absolutely ( d:Sc-n.-nt position from Neur Eeuth Wales, : r.;/«'i no can <ret money if iro want it, hot . npnrt. nlt'&c-ihrr Jnwnthat wo have \ money to carry on public works -unl.il tho j end cf 3larch" next without going *Q tho ■ jjLondoa mseSoet at.-fiilr" • ■'........ ■".!.-. : . ; :ti^

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD19141217.2.7

Bibliographic details

THE MONEY MARKET, Issue 15678, 17 December 1914

Word Count
231

THE MONEY MARKET Issue 15678, 17 December 1914

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