The Financial Outlook.

Manawatu Standard, 29 July 1904, Page 8

The Financial Outlook.

It is all right. We can breathe freely again. Mr Hall-Jones has got as far as.Fremajltle, and has taken the first opportunity to relievo our anxiety. "The credit of the colb-". nies," he states, "stands Very hiMi in the estimation of. the financiers of England." It is reassiiying statements of this kind which ."endear our? Democratic Ministers to the people. Being- of; an optimistic and kindly disposition, Mr Hall-Jones does not specify any colony in .particular, but of course he means the credit (of the colony of New Zealand. Didn't tho public take up fully".'Jive per cent, of our last London loan,, and didn't it realise quite £89 18s Id, a paltry loss of £10' <ls lid on every hundred pounds. What's £10 Is lid. to a colony like New Zealand ? Of course the credit of this colony stands high—so high that it can be sniffed afar off. At the same time, Mr Hall-Jones noticed that the money market is flat, and all se-. curitins very. low. That is to say, i everything- is low except the credit of New Zealand, which is so high that the rush of flies to come and settle on it could be heard all over London. In fact, if the credit of New Zealand gets any "higher, the inspector of nuisances will probably come round and insist on its" reremoval. —Truth.