Australasia's Debts.

Feilding Star, Volume XVI, Issue 265, 13 May 1895, Page 2

Australasia's Debts.

1 (Per Press Association., j Melbourne, May 11. 3 The Argus, in an artiole on the pri« c yate and public debts of the Australasi ian colonies, estimates the amount at i £315,000,00p, and that the interest sent f to London is nearly £13,000,000 annu* l ally. During last year, owing to the £• 1 nancial crisis, £8,000,000 of paid up . capital, invested in squatting concerns t } received no dividends whatever. Fol« , lowing up the article the financial editor 2 apportions of this amount L 3,682,000, 682,000 to i New Zealand and the balance to Australia and partly New Zealand, and 5 goes on to say that British investors t have made far greater losses in New 3 Zealand than in the whole of Australia. - Investors, it says, were deceived in the 7 past by the high falutin nonsense about l the Britain of the South. New Zea--3 land has for some time past been eni gaged in the ignoble occupation of kick- . ing over the ladder up which it climbed, : An old Anglo-French banking exchange > house, in its last private circular to its ; Continental clients, written in French^ • warned them against touching any* s thing m New Zealand, on account of the want of principle in financial mat* ters displayed by the New Zealand people.