NEW ZEALAND’S LOAN.

West Coast Times, 13 June 1912, Page 3

NEW ZEALAND’S LOAN.

SHARP CRITICISM BY THE “LONDON TIMES.”

BEST WAY OUT OP A DIFFI-

CULTY.”

tm press association.- -copyright.

LONDON, June 12. Che Times says that although manv view the short-dated issues with di«foronr, nevertheless it was probablv Zea and s «y out of a diffiJ5 judge of opin’,ad dechred it had been better finance to have issned a lonpar' Shrir loan at a trifl? « Par rather than pay, possiblv a good deal over four per cent, for a chance of renewal ,n two years' time