SLOANS TO AUSTRALIA.
}■ LABOUR PAPER'S CRITICISM. LONDON, January 27. The "Daily Herald," the Labour paper, says another Australian State, South ' Australia, is obtaining money in London. The seriousness of the Australian borrowing is not the amount of the capital taken from the market, says the "Herald," though this is a" considerable sum every year, nor the feeling of perturbation as to Australia's ability to meet interest ana redeinpti->n payments. The drawback lies in the fact that the i continuous issues of these trustee secoriL kf~i up the rate «f interest obtainl n : for trustee stocks, and render it ■ to carry out on favourable ■ , e conv er«ions in connection with ■ Uritaine own huge debt»
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Auckland Star, Volume LIX, Issue 23, 28 January 1928, Page 4
Word Count
113SLOANS TO AUSTRALIA. Auckland Star, Volume LIX, Issue 23, 28 January 1928, Page 4
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