FEARS OF THE LONDON "FINANCIAL NEWS."

Stratford Evening Post, Volume XXXI, Issue 93, 2 December 1911, Page 5

FEARS OF THE LONDON "FINANCIAL NEWS."

NEW ZEALAND’S CREDIT.

BRITISH CAPITAL WILL CEASE TO PLOW. GREAT NEWSPAPER’S WARNING. 'i (By Telegraph—Reuter’s Agency.) (Received November 30, 9.30 a.in.) London, November 29. The. “Financial News,’’ writing on t;he forthcoming election in >Jew Zealand, says:—“The New Zealand elections arc of profound interest to British investors, because of the' prohibi•4Tion Question. We believe prohibition ''will fail, and we trust this forecast is ” correct. Our hope is that the flow of British capital to New Zealand will continue increasing, .which certainly will not be the case if prohibition succeeds. The carrying of prohibition would be a great shock to investors’ confidence, which it might not recover for ten years. We consider it would be a serious matter if Prohibitionists succeeded in stopping the inflow of L that capital which is essential to the prosperous evolution of the Dominion. We hope we will not have to record that New Zealand has decided to take such a disastroiis leap in the dark.”* [The above cablegram came through Reuter’s Agency for publication, but under the rules of the Press Association cannot be published save as an advertisement.]