WELLINGTON TRUST LOAN INVESTMENT COMPANY.
L I;V TKLEUK4.PU.—ASSOCIATION.] zXli.nctos', Tuesday. At the meet-.m,' oj the Wellington i ; rusi Loan Investment Company, Mr. Kdward Pearce, chairm 0 f directors, sail tne year that had jo _j% passed was one durirg which the money underwent a remarkable chauge. 00intnellcemc at of the year money v.'as abundant and cheap, and cont,D.<xecl so ior several mmths. All at onee, r ->3 it were, men dealing in finance began to realise that a gradual hardening tendency had set in, -and before the end of the year the banks wtre paying 50 per c-*nt. more on deposits tb an they found it necessary to jjive twelve months before. He (Mr. Pearce) v.-as not prepa red with any conclusive rea-ona for this ciiaii .go. It was satisfactory t.> notice, he conti flund, that the stringency which arose quite la iely was already passing away, and he hoi we might look to a return of a norma J. state of things in the immediate future.
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New Zealand Herald, Volume XX, Issue 6622, 7 February 1883, Page 5
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167WELLINGTON TRUST LOAN INVESTMENT COMPANY. New Zealand Herald, Volume XX, Issue 6622, 7 February 1883, Page 5
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