New Zealand's Premier Julius Vogel borrows money…

1870 CE

New Zealand's Premier Julius Vogel borrows money from British investors as New Zealand’s gold boom ends in 1870 and launches an ambitious program of public works and infrastructure investment, together with a policy of assisted immigration.

Successive governments will expand the program with offices across Britain that entice settlers and give them and their families one-way tickets.

Gold discoveries in Otago (1861) and Westland (1865), had caused a worldwide gold rush that had more than doubled New Zealand’s population in a short period, from seventy-one thousand in 1859 to one hunded and sixty-four thousand in 1863.

The value of trade has increased fivefold from two million pounds million to ten million pounds.

Locations
Wellington Wellington New Zealand View →

Groups
Britain (United Kingdom of Great Britain and Ireland) View → New Zealand, British Colony of View →

Topics
Colonization of Oceania, European View → New Zealand Wars View →

Commodities
Strategic metals View →

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Commerce View → Government View → Custom and Law View → Finance View →

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