DECLINE IN GOVERNMENT STOCKS
STATEMENT BY MR ASQUITH. Press Assctiaiion-By Telegraph—Copyright LONDON, March 19. (Received March 19, at 10.53 p.m.) _ In the House of Commons Mr Asquitli (Chancellor of the Exchequer), in reply to Mr Vincent, said many of the causes contributing to the decline in Government stocks and other high-class securities were international in operation. Ho instanced tlio necessity for replacing the capital destroyed by the San Francisco earthquake and other disasters. The best remedy (is far as tlio Government's innuenco was concerned to reduce oxpendittiTe, strengthen the- sinking fund, and avoid borrowing for current expenditure.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19070320.2.38
Bibliographic details
Otago Daily Times, Issue 13856, 20 March 1907, Page 4
Word Count
97DECLINE IN GOVERNMENT STOCKS Otago Daily Times, Issue 13856, 20 March 1907, Page 4
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in