THE QUEENSLAND LOAN.
TO THK EDITOR. Sir,—When reading the account of the astounding failure of the Queensland loan in your issue of to-day, and taking into account the recent failure of the Victorian loan, I could not help thinking that if any of the other Colonies attempted to borrow money they would experience the same fate, and I believe it would be a very good thing if this did happen, because then the Colonies would have to follow the example of the Government of the United States, who, in 1857, when they found they could borrow no more money, set to work and manufactured their own, for which they pay no interest. Now, the Queensland Government, having experienced such a gigantio failure, would do well to set the example, and manufacture what money thoy require to carry on the business of the Colony, and thus make themselves self-reliant; and lhave not the slightest doubt that the success which would attend such a movement would cause the other Colonies to follow suit. Thanking you for the space,—l am, &n„ STATE PAPER ISSUE.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS18910530.2.5.1
Bibliographic details
Star (Christchurch), Issue 7177, 30 May 1891, Page 1
Word Count
181THE QUEENSLAND LOAN. Star (Christchurch), Issue 7177, 30 May 1891, Page 1
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.