THE DOMINION'S FINANCES.

Otago Witness, Issue 2811, 29 January 1908, Page 3

THE DOMINION'S FINANCES.

A REMARKABLY SATISFACTORY' .POSITION. - . WELLINGTON, January 23. ' Referring to New Zealand's finances, the) Prime Minister, in an interview to-day, said that the Dominion was m a remarkably satisfactory financial position, fullji justifying the confidence that people gener-, elly had in the Dominion. It also emphasised what he had said in a genera* way before, that never m the history o* the country— at least during his public.life—had the finances been upon such a solid basis as to-day. From information, he had received there was no cause for.the fear that some people had expressed l as to the tightness of the money market- * There was no scarcity of money in tne : Dominion, and in addition he t had lot some weejes received information from high influential quarters in the OH Country that there th«y~did not expect, even m the face of the American- financial troubles, that money wodld continue to be tightir London for any length of time. Hi( advice was that after .the 31st March i{ was expected that money, would be-plenti-ful, and that rates of interest would U very much lower than now. ' The Prime Minister also ciuoted csJ»lei that had passed between himself and * ! large business houeeAn Australia. TneoabW j fro.m the latter, received on the lAti i- January, was ac follows :—" Are you opel to receive . large sums* per cent, dejjew tures par, payable and repayable Sydneyoj - Melbourne, 'interest payable at eitnet place?" Sir Josepb replied : " Sorry caijj not do business; doing very much better. i ". - ' l - -,