This is the way the credit; of Auckland business firms is spoken of by tho Auckland correspondent of the O(a°o Guardian in the letter which appears in that journal on the 23rd December : — " Commercial matters do not look at all healthy here at the present moment. Onto firm has « gone ' for £22,000, ond a second for over £10,000, while others are on the verge of iusolvency, owing to the over trading and tho putting on of the screw by the banks. Goods have been rushed into this market in the wildest, etate. At the present moment, tho bonds are full to the doors and heavy shipments are dally due. The day of reckoning is at hand, and I feel sure, without wishing to croak, or be sensational, that the new year will bring a few bouses up standing."
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Nelson Evening Mail, Volume X, Issue 11, 13 January 1875, Page 2
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138Untitled Nelson Evening Mail, Volume X, Issue 11, 13 January 1875, Page 2
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