AUSTRALIAN FINANCE.
JIH. BEAUCHAMP S VIEWS
[Pkess Association.]
WELLINGTON, Oct. 21. Mr. Harold Beaucliamp, chairman of directors of the Bank of New Aealand, who returned from Australia J:o----day, says that money for legitimate investment is abundant tlicrcj and it is difficult to get more than per cent, for security. Australians, however, arc not disposed to lend money to New Zealand, local bodies, because they believe that these bodies have been making the pace a trille fast.- It is just possible that at the end of the current gram and wool season a considerable amount of Australian money will be available tor private investment in New Zealand. Commonwealth financiers though a little shy of New Zealand public bodies securities just now, have respect for Dominion securities. All. Beauchamp is hopeful of the . xutuie n New Zealand, but he estimates that twelve months will be required to. restore the old 1 buoyancy. If i thepies ent quotation for butter, ll 2 d f.0.b., is maintained for the ensuing season he believers that exporters of 4an.y produce will net two and a-half lion pounds sterling.
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Gisborne Times, Volume XXVI, Issue 2328, 22 October 1908, Page 6
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182AUSTRALIAN FINANCE. Gisborne Times, Volume XXVI, Issue 2328, 22 October 1908, Page 6
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