COLONIAL LOANS.

Lyttelton Times, Volume CXV, Issue 16566, 2 June 1914, Page 8

COLONIAL LOANS.

INTERVIEW WITH QUEENSLAND

PREMIER. [Peii Press Association.] AUCKLAND, June 1. The favourable reception accorded by British investo's to loan proposals from the overseas dominions impressed the Premier of Queensland. Mr D. r. Denham, during his stay in London. Some remarks on the subject- were made by him when ho was interviewed on the R.M.S. Niagara from Vancouver. The principal object of the visit to London made by Mr Denham was to arrange for the conversion of loan moneys maturing next year and to secure ‘ a loan for current public works. Various loari9 raised bv Queensland some forty years ago will mature next rear, the total amount being £15,000,000- Satisfactory arrangements were made by the State Premier for the conversion of this stock. A new loan of £2,000,000 was subscribed fourfold in an hour and a half. “ Given the settlement of the Ulster difficulty,” said Mr Denham, “the States will not have,, in my opinion, any difficulty at all in securing all the’ loan moneys required for public works. British investors are beginning to recognise that in Australasia borrowed money is spent up ol ' reproductive works and to realise that investments oifered hv Australia auu other British dependencies, though hearing lower rates of interest, are move profitable than risky investments offered by such countries as Brazil or Mexico. Of course there is a limit to absorption of loans," added air Denham, “but T think Britain will supply our requirements, especially as a sinking fund is now usually attached to Australasian loan proposals.