NEW ZEALAND STOCKS
HOLDERS; IN BRITAIN FINANCIAL NEWS COMMENT (United Press Association) (By Electric Telegraph—Copyright) LONDON. November 29. (Received Nov. 30. at 1 a.m.) The Financial News says: “ Though New Zealand has gone Savage, the investor has no real cause at the moment to fear the new regime. In 1923, when Britain had its first Labour Government, gilt-edgeds fell for fear of what might happen, but they quickly recovered. New Zealand-bonds similarly fell yesterday, but they will probably recover, especially as there is nothing really revolutionary in Mr Savage’s immediate programme'. There is, indeed, no sign that Mr Savage is a Lang in sheep’s clothing and no apparent danger of his wrecking New Zealand’s economic structure.” The Financial Times says: “ Holders of New Zealand stocks have no need to bo timorous about the result of the election. The fall in prices due to the Labour Party’s success is mainly sentimental and holders of sound New Zealand securities should not sell.”
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Bibliographic details
Otago Daily Times, Issue 22742, 30 November 1935, Page 14
Word Count
160NEW ZEALAND STOCKS Otago Daily Times, Issue 22742, 30 November 1935, Page 14
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