FINANCIAL CRITIC.
Australia Letting Its Debts Mount Up. NEW YORK TAKES NOTICE. (Received 11 a.m.) NEW YORK, April 1. The Australian Office l.crt has been inundated with inquiries principally from bankers as the result of an article on Australian State and Federal finances appearing in the "Wall Street Journal," from the paper's Sydney correspondent headed, "Australia Lets Its Debts Mount."
The article concludes with the sentence, "The ■ Governments continue to lean on the banks, using funds that might otherwise be profitably employed in industry, and creating a mass of liabilities."
Mr. D. McK. Dow, Commissioner for Australia in America, informed the Australian Press Association that in a letter written to the editor of the "Journal" ho was transmitting correct cabled information from the Prime Minister's Department. He pointed out that there was "no foundation for the conclusion drawn by the writer," and that the article was "based on wrong premises."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19320402.2.67
Bibliographic details
Auckland Star, Volume LXIII, Issue 78, 2 April 1932, Page 9
Word Count
150
FINANCIAL CRITIC.
Auckland Star, Volume LXIII, Issue 78, 2 April 1932, Page 9
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