VICTORIAN SPLEEN.

Lyttelton Times, Volume XCIII, Issue 10652, 13 May 1895, Page 4

VICTORIAN SPLEEN.

The Argus, which never loses an opportunity nowadays of heaping abuse upon this colony and all its works, has found a gross libel upon New Zealand in a private circular issued by an Anglo-Eronch banking house to its Continental clients, and appears to bo immensely pleased by the discovery. Wo noed not atop now to speculate as to tho author of this precious document, but we may point out that there is one all-sufficient reason why the great Victorian daily should soek to disparage this colony. It has from the very first bitterly denounced the policy of our present Government find has predicted that tho development of that policy could lead only 1o financial disaster; but on Saturday morning the wish that jmd been father to the thought waa,

rudely dissipated by the publication of the London prices for colonial stocks. Here are the significant figures:— New Zealand. Victoria. 4> per cents 111£ 106 3$ per cents ... 104£ 101 Comment is surely unnecessary. The Argus will tell us, of course, that the author of that mysterious private circular, “ written in French,” knows a great deal more than the London Stock Exchange about the financial condition of New Zealand; but the reader who happens to ha unaffected by political bias will ba inclined to trust the British investor rather than a foreign banking-house.