MONETARY AND COMMERCIAL.
[Special to Pbess Association.] c LONDON, Nov. 27^ \ Commenting on the falling off in c the railway revenue in New South • Walea, the Economist says the reduced > * profit is the penalty for the rash extension of the lines. LONDON, Nov. 28. The Daily News asserts that complaints are made of the excessive credit demanded hy Australian soft goods firms, and that the leading Lon- ( don firms are resolved to cease business with colonists if more than a monthcredit is asked. The News also states * that during the recent financial panic large Banks in Melbourne benefited j by it. { c BSUSSELS, Nov. 28. | c Holland supports the United . l States' proposals before the Monetary j t Conference. The other delegates are, c however, passive, declaring that they t are forbidden to introduce any altera- < tion in their monetary systems. • WASHINGTON, Nov. 28. A hope is expressed that the Phila- < delphia Congress will recommend the ( repeal of the silver purchase law_ t ' 1
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Bibliographic details
Star (Christchurch), Issue 7432, 29 November 1892, Page 3
Word Count
164MONETARY AND COMMERCIAL. Star (Christchurch), Issue 7432, 29 November 1892, Page 3
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