WARNING TO THE GOVERNMENT.
Mr Alfred Cole, governor of the Bank of England, said that for the last 12 months great industrial and financial wir-est had been experienced, accompanied by a feeling of insecurity as regards home investments. There continued to be encouraging investments nbroad. Taxation had severely hit the breweries and land, and Consols were at their lowest point during the present generation. The situation demanded the most serious attention, for what would be the position of the Government if it wanted to borrow on a large He attributed the forcing down of gilt-edged securities largely to the death duties, which totalled £129,000,----000 in six years.
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https://paperspast.natlib.govt.nz/newspapers/HNS19120715.2.54.2
Bibliographic details
Hawera & Normanby Star, Volume LXVIII, Issue LXVIII, 15 July 1912, Page 8
Word Count
107WARNING TO THE GOVERNMENT. Hawera & Normanby Star, Volume LXVIII, Issue LXVIII, 15 July 1912, Page 8
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