THE FINANCIAL WORLD.

New Zealand Herald, Volume XLIX, Issue 15025, 21 June 1912, Page 8

THE FINANCIAL WORLD.

■ : — '» —- .. MADE UNEASY PY STRIFE. POLITICS AND LABOUR TROUBLE. [at telegraph.— cobbjjspondent.] Wellington, Thursday. Che financial situation was the subject of .n interview given by Mr, Martm Kentody, chairman of the Bank of New iter and, to-day. He said that.an the Motherland and in Europe political com>lications during the year had given we o many uncertainties and apprehensions is regards the future. In Great Britain he closing months 1; had been marked by si industrial strugglej the seriousness of rtiich he feared had hardly yet been horoughly apprehended, and there could >e no .doubt it. bad resulted in the loss of nany millions of money to the British, lation. Unfortunately, the end of such :onflicts did not appear to be yet in light, the strilce of the London transport workers being at the moment in progress, md ; entailing a considerable amount of nconvenience and loss upon the mercantile community. British capital had, in lonsequenco of these disturbing conditions, >een shy and sensitive, and the London noney market uncertain and in a state of ;enaion. Owing to the combination of unfavourable conditions, to the shortening supply of capital, and to tiao steady expansion of New Zealand industries, involving a continuous demand for financial assistance in the development of the country, a hardening tendency in the local money market was at present being displayed. . ; ■ ' , . ' . •