ADVICE UNHEEDED
VACILLATING POLICY.
Australia Ignores Niemeyer Recommendations. ' PILING UP DIFFICULTIES. (United P.A.—Electric Telegraph—Copyright) (Received 11 a.m.) LONDON, May I. The. Commonwealth has deposited the necessary funds with the Westminster Bank, to pay the interest which Mr. Lang was unable to meet. Tlio '"Financial News," recalling that Sir Otto Nieineyer's statement in August declared that Australia should be given two years to put her house in order, says that the breathing space has been narrowed to eight months, and the debt problem is even further from solution. The Government's vacillating policy is merely piling up difficulties. The paper, in an editorial, repeats that the London market will not be found to be unsympathetic when the situation is faced.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19310502.2.64
Bibliographic details
Auckland Star, Volume LXII, Issue 102, 2 May 1931, Page 9
Word Count
118ADVICE UNHEEDED Auckland Star, Volume LXII, Issue 102, 2 May 1931, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in