THE MONEY MARKET.

New Zealand Herald, Volume XLVI, Issue 14017, 24 March 1909, Page 7

THE MONEY MARKET.

«EW ZEALAND IN STRONG FAVOUR. TRADE "WITH CANADA. Tr,v TELBGBAPH.— OWN CORRESPONDENT.] i ;' ;. • Wellington, Tuesday. ■ Is an interview to-day Mr. S. J. Nathan, ±t Auckland, who returned to the Domiiu'en hp m London by the Corinthic, spoke of the position occupied by New Zealand I jn the mind of the British investor. ' "I think," Mr. Nathan said, "all the jj 6 Zealand loans did remarkably well s.i Home. There was at the time, .too, ' a'stiong demand for money, and one would " - have thought that such loans as those of the Auckland, Wanganui, and West port gtrbonr Boards would not have attracted $i© attention they did. Canada was wanting millions for Government, municipalities, and railways at the same time. Nevertheless, New Zealand was in strong afifffiwoT".''.'This country is very favourably regarded at Home. There was an impression abroad that Canada was* borrowing just a little too much. Wherever I [ went" 1 found New Zealand well spoken of, and I do not now refer only to the financial world." , " " ; ■ * Mr. Nathan was asked if there was any money available for industrial undertakijjjssings in New Zealand, and in reply ne iJlpJsaioV: " I fear the reports of Labour's doings and of the labour .. legislation here tnd its probable consequences are much •exaggerated. They are sent Home in an fsk 'extremely abbreviated form, and unforj 'feiately the antidote does not always go ■■with them. At the same time, I cannot '. ■ • Say that they actually do prejudicially influence British money against flowing m^h*bt' way ■ for : industrial undertakings." - While in Canada on his way home, Mr. Nathan interviewed Sir Wilfrid Laurier, the Dominion Premier, and he was most, cordially received. Sir Wilfrid said he was. deeply interested in New Zealand, and had a great affection for its people. He asked Mr. Nathan many questions of a nature that showed he was acquainted •with the affairs of this country. In disT ,cussing the prospects of New Zealand trade with the maritime provinces of t ■' Canada, he expressed his belief that there . was sufficient trade to be had to warrant I -.the- liners now running between New fork-and New Zealand starting from the St. Lawrence,- and- if they were provided with refrigeration plant they might carry; back meat, butter, and other perishable products to the ports of Eastern Canada during many months of the year. ,:..