Untitled

Nelson Evening Mail, Volume III, Issue 229, 26 September 1868, Page 2

Id nothing do the Australian colonies prove their nationality more than by their immense capacity for borrowing money. Like spendthrift children, they are always coming back to their anxious parents for advances, and, he or she, good easy soul, has always money to give away. New South Wales came lately home for a pound or two ; the exact amount, indeed, was £758,000, and yesterday the parent, who has suffered so much recently in pecuniary matters, and been driven to the very verge of bankruptcy, met the dear boy at the Oriental Banking Corporation and . pressed £1,125,000 upon his acceptance as a mark of her esteem and regard. The ingenious youth, with a candour which cannot be too much admired, declined to take more than he originally asked for, and promised to pay 5 per cent, interest for the . advance. This is not the first time such a touching spectacle has been exhibited. New South Wales formerly got £1,135,800, which is all spent ; and again £3,671,800, which has also been squandered ; and then £850,000, while j the present advance is £758,000. It is dreadful to think where all the money goes to ; but still more miraculous where it all comes from, seeing that everybody has been ruined, that tea importers bring in ; their goods for patriotic, not pecuniary reasons, and that generally, if we are to believß everybody, which nobody does, all business has been carried on at a terrible loss. — London Star.