18
19
va
if it is valid. But it does not appear to me to be lid, for if money is tight already, that means that
there is no m
money
to invest
in mortgages: and should the money market become
less stringent,
more
money
will be set free which can
be invested
not as
as par-
es or
ties like in mortgages
other securities and in r
stock or shares.
7.
As regards the se-
cond
334
cond main result predict- ed by the Chamber of Com- merce viz. the checking of the expansion of the city of Victoria, fasts already stated and reasons already given negative the likelihood of m the prediction being fulfill- ed. If it will be more re-
-nerative to pure
hase ex-
isting buildings, pull them
down and re-erect, economi.
the area
ring.
by increasing.
the altitude, this fact will
not
No comments yet.
Private notes are available after approval.