THE NEW ZEALAND LOAN.

Lyttelton Times, Volume XCIII, Issue 10651, 11 May 1895, Page 5

THE NEW ZEALAND LOAN.

[Special to Pbess Association.] LONDON, May Jo< The Financial Times declares that it will be a mistake if Victoria and New South Wales enter the borrowing market on the strength of the success of other colonial loans, v AUSTRALIAN COMMENT. ADELAIDE, May 10. The South Australian Register, in crediting the Hon J. 0. Ward with brilliant financing. Bays it is no slight thing for him to be able to say that in the year immediately succeeding one in which South Australia consented to pay the English capitalist £3 16s per cent interest on a email loan. New Zealand borrowed a much larger sum at about .£3 6s. He is entitled to the thanks of all the colonies for his triumphant demonstration of the gains which may be secured from boldness and self-confidence, and his name should be mentioned with the rfespeob due to a colonial statesman who inaugurated an epoch of 3 per cents, and did so. almost directly aft-r the monetary magnates of the world’s metropolis had declared that even per cents must be " discarded in favour of 4 percents. As success thegets success, it is not surprising to hear/of the general acceptance of his conversion scheme.