AUSTRALASIAN DEBTS

Lyttelton Times, Volume XCIII, Issue 10652, 13 May 1895, Page 5

AUSTRALASIAN DEBTS

A BITTER ATTTACiI ON NEW ZEAL A!/ D. [Special to Puses Association.] MELBOUitNE, Mat 11. The Argus, in an article on the private and public debt of tho Australasian colonics, estimates the amount ,at ;£315.000,000, and that the interest sent to Loudon is nearly Ail 3,000,000 annually. During last year, owing to the financial crisis, ,58,000,000 of paid -up capital invested ia squatting concsraa received no dividends whatever. Following up tho article the financial editor apportions of this amount J33,682,C00 to New Zealand and the balance to Australia, and oartly to Haw Zealand, and goes on to say that British investors have made far greater losses in Haw Zealand than ia the whole of Australia. Investors, it says, were deceived iu the past by highfalutin nonsense about tho Briton of the South, find New Zealanders are, as a rule, elated at despoiling the Britons of the North. New Zealand has for some time past baen engaged in the ignoble occupation’of kicking over the ladder up which it climbed. An old AngloFrench banking exchange house, in its Lot private circular to its Continental clients, written in French, warned them against couching anything in Now Zealand on account of the want of principle in financial matters displayed by the New Zealand people.