At a meeting of the N.Z. Mortgage and Investment Association, the Hon. W. de Laigle Grosvenor, presided. In his speech the Chairman said there bad been losses owing to the depression in commercial business in the colony and also owing to mismanagement. It was impossible gt present to realise properties. Messrs Rothsohids have floated a company with a capital of a quarter of a million Sterling to work the Bu-mab ruby mines. Over three millions sterling wae applied for Witbin an hour after the time at which it was announced applications would be received. The offices of the great financiers ware rushed by thousands, and save,al of the windows Wets bioken, many persons being injured in tbs orqsh. The Marquis of Salisbury in addressing the London Chamber of Commerce, said that
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Gisborne Standard and Cook County Gazette, Volume II, Issue 267, 2 March 1889, Page 3
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131Untitled Gisborne Standard and Cook County Gazette, Volume II, Issue 267, 2 March 1889, Page 3
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