NEW ZEALAND FINANCE.
A CRITICISM AND A REPLY. [Special to Pbess Association.! LONDON, Feb. 12.
Mr Wilson, of the Investors* Beview, writing in the alleges that New Zealand's surpluses only exist on paper. He contends that in three years the colony has slyly increased its debt by a million and a half.
Sir W. B. Perceval, replying to the attacks on the New Zealand surpluses, states that the increased debt of the colony is owing to conversions, which would result in a saving of .£30,000 interest annually.
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Bibliographic details
Lyttelton Times, Volume LXXXI, Issue 10272, 14 February 1894, Page 5
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87NEW ZEALAND FINANCE. Lyttelton Times, Volume LXXXI, Issue 10272, 14 February 1894, Page 5
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