DISTRUST OF CAPITAL.

Otago Daily Times, Issue 11089, 16 April 1898, Page 5

DISTRUST OF CAPITAL.

'■ (From Otm Own Correspondent,) • , ~. Auckland, April 15 ( The Right Hon..Mr Seddon has several times denounced as .false the statements made as to 1 the distrujt. felt in Eogi.ind about New Zealand. To show the feeling.existing in .London the Herald quotes the following from letters j received by last m»il by a. gentlenijiu in Auck- ' laud:—" toudon, Marcii 10, 1893.—1 have ' yours of January 21. but regret that I cannot j adnsemy friends to exhibit in New Zealand. ■ Why should thej do so?" They would have j to incur considerable expense, and the moment ! they got a connection together the New Zea- I land Government would step' in and endeavour tocoufiscate the business in order to'f'&vout home (New Zealand) manufacturers. We have! had about enough ...of New and its:i Government. As a seep in tbp ;right ditec- j tiou we will abandon the-[a New-Zealand- ] English capitalised proparty] and-adviso, the i shareholders to go in for a. mine in West Australia. I believe this will be the commencement of similar action in other ."'cases. I cannot ! conscientiously advise any furtherVinvestments in New Zealand." Another letter dated March 10 advises that another promoting. company % intend to withdraw., ehorfc'y as" they are afraid it is all up .with -New Zealand-.things generally here" (London). A third letter,"da'tScl March j 2, from the> secretary of a company.largely inte..rested^^ in.NewZealand, says • ,<' I am.instriicte'd ',] to inform you that my directors have no iijten'-' tion whatever of embarking any further capital inNew Zealand properties." :- -" ' '