MONEY FLOWING TO LONDON

Hawera & Normanby Star, Volume LXIX, Issue LXIX, 27 May 1915, Page 2

MONEY FLOWING TO LONDON

"Money is flowing to London from) the ends of the earth, and while the cost of the war, as the Prime Minister told us many weeks ago now, is between £900,000 arid a million a week, and whi;le, moreover, the new war loan of 350 ihillioris is i'being paid vp1 by instalments, yet every trade that ministers to the war is working as energetically and as continuously $£' gt. <?ari, iand for all that the Mother. deposits at the Bank of JBingland exceed 116 millions," says the Statist. , . ._...' ~

"We would impress upon our readersl once more the "lesson which all this teaches—namely, that it is our command of the sea which gives us the wonderful strength , and credit thus brought manifestly before us, We can get credit.. from every; ■•; part ;rpi, j&e world, while people in distant climates send money to London for -safe keeping, solely because our' Navy is so superior to the enemy's navy, and the latter i§ so constrained to lurk in its ports "that we can carry on bur operations, whether commercial, naval, or military, very much as usual."