MONEY SENT TO AUSTRALIA
Capital From New Zealand FEAR OF INVESTORS GIVEN AS CAUSE HIGHER RETURN PROVIDED IN COMMONWEALTH (United Press Association) DUNEDIN, December 21. “There is no use shutting our eyes to the fact that very large sums of New Zealand capital have been invested in Australia over the last few years,” said Mr Harman Reeves, chairman of the Dunedin Stock Exchange, at the annual meeting today. “In many cases this is because Australian investments give a higher return to the investor, with more hope of future solidity, but mostly because of a fear to invest in New Zealand owing to a dread of what socialistic legislation will be brought in and what new crushing taxation will be imposed.”
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Bibliographic details
Southland Times, Issue 23389, 22 December 1937, Page 4
Word Count
120MONEY SENT TO AUSTRALIA Southland Times, Issue 23389, 22 December 1937, Page 4
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