NEW ZEALAND’S CREDIT.
“The more I think about that New Zealand loan last May, the moro wonderful and important it seems.” writes Herbert N. Casson in tho Efficiency Magazine for August. New Zealand modestly asked for £6,000,000 at a trifle over 5 per cent. It prepared an effective prospectus, showing how sound and solid New Zealand is. 1 What happened? Did New ZeaI land get tho money? It did. It got ; 20 times the money. Actually it was offered £120,000,000. There arc only 1,500,000 people in New Zealand. They were offered £BO apiece—£400 per family. Is there any ether country in tho world that has as good a credit a-s tb is ? Here is an object lesson, too, of what the British Empire means. Sometimes the Dominion and the Colonies fancy that the Homeland does not appreciate them. 1 But see what happened to Now Zealand when she asked for a loan. She wa.3 offered in one day twenty times as much as she asked for. She had to push £114.000,000 back. That is the most significant event of the year.
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Manawatu Standard, Volume XLVII, Issue 6, 4 December 1926, Page 5
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181NEW ZEALAND’S CREDIT. Manawatu Standard, Volume XLVII, Issue 6, 4 December 1926, Page 5
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