LONDON WAITS.
AUSTRALIA'S ECONOMIES., LONDON, October.3. While Mr. Scullin (the Prime Minister of Australia) has made an excellent impression with London financiers and business men, they arc rather reserving judgment until they hear from Australia that the Commonwealth Ministry is cutting expenditure to the bone and carrying out with determination the full policy of retrenchment and economic reform. "If the Commonwealth gives the right lead,. Mr. Scullin will have no difficulty, in funding the. floating debt- of £30,000,000, and arranging to carry Aus- ] tralia's external commitments over this] difficult period," said an authority in the city, who has been in close touch with Australia's position, to the "Sun." But he added that it is absolutely necessary to give that lead—which, indirectly, may help Australia in her Imperial Conference proposals by increasing the feeling of good will towards her and accentuating the desire to meet the Commonwealth." " !
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Auckland Star, Volume LXI, Issue 237, 7 October 1930, Page 7
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146LONDON WAITS. Auckland Star, Volume LXI, Issue 237, 7 October 1930, Page 7
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