LAST NEW ZEALAND LOAN
To the Editor "N.Z. Times.”
g; r> —Here is a quotation from a subleader in the "Dominion" of the 3rd inst.: —"lt may be taken as evidence that the policy of the Reform Government has strengthened the confidence of the British investor in New Zealand as a field for investment.’’ The New Zealand loan was subscribed fivefold- A Russian loan at the same time was subscribed seventyfive fold. Now Russia is the very worst governed country in the world—therefore the logical conclusion must be that If New Zealand was as badly governed as Russia our loan should uot ouly be subscribed fivefold hut seventy-fivefold. Re. formers are at a discount in Russia. As soon as they show any reform ideas they are quickly killed off. In finance our Reformers should take a lesson never to issue a long-dated loan when money is at a high rate of interest.—l am, etc., TAMJ3ESIVN.
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Bibliographic details
New Zealand Times, Volume XXXVIII, Issue 8652, 10 February 1914, Page 6
Word Count
155LAST NEW ZEALAND LOAN New Zealand Times, Volume XXXVIII, Issue 8652, 10 February 1914, Page 6
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