COLONIAL LOANS.
A LONDON CRITICISM.
# [united pbess association.] ' London, May 23.
Westgarth'a Circular states that the present is a very inopportune time for attempting to float the Queensland loan, and declares that the Australian Colonies must put a stop to constant borrowing, or further heavy depreciation m stocks is certain to take place. The circular also asserts that New South Wales is only waiting a favorable chance to place a loan on tbe English market, and that the Government is m need of funds, the circular goea on to say, is evident from the fact that they are giving four per csnt interest on Saving Bank advances.
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Bibliographic details
Marlborough Express, Volume XXVII, Issue 112, 26 May 1891, Page 2
Word Count
107COLONIAL LOANS. Marlborough Express, Volume XXVII, Issue 112, 26 May 1891, Page 2
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