COLONIAL INDEBTEDNESS.
A FRIENDLY CRITIC. By Telegraph— Association.-Copyright. London, November 3. Mr. H. F. Bilunghurst, of the London Westminster Bank, read a paper at the Bankers' Institute on colonial indebtedness. Ho said the colonies : were prudent in not extending their i borrowing powers, and in promoting i an increase of population byimmigra- ; t-ion. Future stocks should bo prac- ' tically interminable. The estab- . lishment of sinking funds were necesi sary, and the conversion and consolidation of loans were desirable. One of the most satisfactory features oi the decade was the increase of local loans. The present financial posi- , tion of the colonies was sound, and - investors could confidently invest in colonial stock.
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New Zealand Herald, Volume XXXV, Issue 10902, 5 November 1898, Page 5
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111COLONIAL INDEBTEDNESS. New Zealand Herald, Volume XXXV, Issue 10902, 5 November 1898, Page 5
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