ferred from Australia to New Zealand, but'a great deal of this has come back, and it is safe to conjecture that since the Savage Government took office man.v New Zealanders have invested freely on the Australian market, for the outlook generally is one of uncertainty in Dominion stocks. Three months prior to the present Government in, New Zealand coming into power, the price of the 4J per cent. (1948-50) New Zealand Government loan on, the London market was £lO9, while that of the 4 per cent. (1943-48) Commonwealth issue was £lO4 7s 6d. Latest cables quote the New Zealand issue at £IOO 10s, a drop of £8 10s, while the Australian issue at £lO2 2s 6d has fallen by only £2 ss. The comparison is unfavourable to New Zealand, and is doubtless due to the socialistic legislation of the New Zealand Labour Government.
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Evening Star, Issue 22955, 12 May 1938, Page 18
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143Untitled Evening Star, Issue 22955, 12 May 1938, Page 18
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