KING TAWHIAO’S LONDON LOAN.

New Zealand Times, Volume XXXIV, Issue 5669, 31 May 1879, Page 3

KING TAWHIAO’S LONDON LOAN.

(From the Australasian.)

What an amusing picture of the' competition of business’men' is afforded by than description of the-great native meeting recently held in New Zealand. It seems that King Tawhiao wants a loan, and the astute Maori kriows the advantage of competition as well as though he had served a training on the Stock Exchange. So he caused it to be put abroad' that Major Jackson: was negotiating with him on behalf of the Bank of New Zealand. This was sufficient.' Two barik managers belonging to rival institutions started off from Alexandra ia ,the raintoi interview the Maori King The streams were'.flooded, but'they, swam the rivers .where ford there;was none, in: the hope pf securing a good stroke of business. . So far: as we can judge from the too. meagre account of what must have been a most humorous position, the object of the Maori King was served when he had’ secured the attendance and competition of these gentlemen, who were then informed—as we understand the report-r-that the loan would be raised on the London market. Tawhiao—so says the account—“ will doubtless now be able to float a loan on as favorable terms as the English Government.” If .so, the wily savage must have managed matters extremely well, but we do not give implicit credence to every item in this rather curious , narrative. At any rate, “ Makura will be appointed agent for the inscription of stock, and will immediately leave for London.” .If half of this singular story is true, we may rest satisfied that there will be no war in New Zealand, were the land difficulties ten times as serious as they are. When a New. Zealand chief can float loans, play off rival banks one against the other, send an agent to London to look after the inscription of stock, and possibly to act as “ambassador” to the Colonial-office, who doubt that this is an age of progress or question the triumphs of piviUnation ? . ■ ■ • ■ ii■ k • ■’