AUSTRALIAN CREDIT.
SATISFACTION* IN LONDON.
(United .Press Association—Copyright* LONDON; August 17. n The financial editor of the "Daily Telegraph'.' indulges in an expression of satisfaction at the progress of toe Australian conversion scheme. iie says Australia's position has improved enormously during the last few months. Meanwhile Australia is preserving her credit abroad by not asking foreign bondholders to accept a curtailment ot interest. Apparently the danger qt default is definitely averted, and holders of Australian stock can continue confidently to retain their holdings.
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Bibliographic details
Ashburton Guardian, Volume 51, Issue 261, 18 August 1931, Page 5
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83AUSTRALIAN CREDIT. Ashburton Guardian, Volume 51, Issue 261, 18 August 1931, Page 5
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