Thames Star. WEDNESDAY, JULY 8, 1931. NEW ZEALAND’S CREDIT.

Thames Star, Volume LXV, Issue 18235, 8 July 1931, Page 2

Thames Star.

WEDNESDAY, JULY 8, 1931. NEW ZEALAND’S CREDIT.

“With malice towards none; with charity for all; with firmness in the right, as God gives us to see the right.”—Lincoln.

If proof were needed that New Zealand credit in London is associated in the mindls of investors with that of Australia, it is plainly written into the quotations of the Government securities of both countries as published on Saturday. Practically all classes appreciated sharply last week, New Zealand bonds sharing in the movement although, apart from the good effect of the offer of a War debt moratorium, it was almost certainly the better estimation of Australian affairs that caused the rise. At any rate there have been no developments in the Dominion to account for it while, on the other hand, the Commonwealth is taking active steps to put into force the plan for financial rehabilitation adopted at the Premiers’ Conference in Melbourne. Unfortunately New Zealand securities have previously suffered, although not in the same degree, by the inability of the English investors to separate us entirely from our Australian cousins. This confusion undoubtedly accounted in large part for the poor public subscription to the recent New Zealand loan in London. There is tin more reason, therefore, why New Zealand should continue. both through national policy and individual insistence, to emphasise that although geographically Commonwealth and Dominion are neighbours, economically and politically we are as separate as Mexico and the Untied States, or Italy and France, and ever geographically are divorced by a thousand miles of sea and not, like other nations, merely by a line on a map.