LOAN CONVERSION.
TO THE EDITOR. Sir,— who closely watch- the course of politics are much exercised as to the. destination of the amount saved on our loan conversion. slsitto be thrown :on the floor p of the House, there to" be scrambled for, and applied to the construction of useless railways, unnecessary harbours, or purchase of • native p lands (this last a synonymous term for relieving friends of : white ; elephants; - With many others who hold a stake in New Zealand,' I share the opinion that the money saved by loan conversion ought to.be applied; to the liquidation of our colonial indebted- |i|g||| ness. Thfe material effect of such a course may not be so appreciable as many of us could desire, but its ! moral effect on our , colony no one can limit. . In rapid succession several heavy loans are maturing. Ihese we cannot pay, but by demonstrating to out creditors that we are not only anxious bat . . eager to reduce our :: indebtedness to - the • utmost of our ability, we wi l render . the - - conversion of maturing lo . au ,f, '^' ; j" minimise, our annual interest bill consider , ably. Let Ministers tel I the coun^ and honestly what is to be done with loan . | ; . s conversion savings.—! »•»> s j^ UES jtfWR. j ' cft*: "-V i v mmß I v m
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH18910604.2.6.5
Bibliographic details
New Zealand Herald, Volume XXVIII, Issue 8584, 4 June 1891, Page 3
Word Count
218LOAN CONVERSION. New Zealand Herald, Volume XXVIII, Issue 8584, 4 June 1891, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in