THE MONETARY SITUATION.
What is the Carrier that is keeping money out of ?sew Zealand? Wo «» v ® no hesitation in -saying that it is first the competition of the Government Advances to Settlers Department, and secondly, distrust of our legislation, especially the -determined attacks d®~ livered against the landed interest. Sir Joseph Ward’s remedy for the difficulty—and in this he is apparently backed bv Mr. Beauchamp—is to advance more money through the Government Department to take' the place of the private money that is being either kept out or driven out of the Dominion. 01 course, the more the Advances Settlers .Department 5s expanded, the more it will tend to keep away the private investor. Can the Government safely Shoulder the responsibility of supplying the money required outside for the advances upon mortgage in the Dominion? Wo do not think they can, and if we are right, the proposed remedy will simply aggravate the disease. ‘■‘Christchurch Press/*’
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Gisborne Times, Volume XXVII, Issue 2502, 15 May 1909, Page 7
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157THE MONETARY SITUATION. Gisborne Times, Volume XXVII, Issue 2502, 15 May 1909, Page 7
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