AUSTRALAIAN LOANS.

Press, Volume L, Issue 14983, 2 June 1914, Page 8

AUSTRALAIAN LOANS.

FAVOURABLE RECEPTION BY BRITISH INVESTORS. VIEWS OF PREMIER OF QUEENSLAND. (-ESS- ASSOCIATION' TE-ZGRAM.) AUCKLAND. Juno 1. The favourable it-option a.-crded by British investors to loan proposals from the oversea Dominions impressed the Premier of Queensland (Mr D. F. ')<..■ ham) during his stay in London. Some remarks on the subject were made by him -when, interviewed on the Niagara this aft_nioo-T-' The prinei.pul object oi the visit to London made by Mr Denham -,vas to arrange t.r the conversion of loan moneys maturing next year and to secure :\ lean for current pub'i. tverks. Various ioans raised by Queensland some forty years a_;o will mature noxt year, the total amount boiu_ £116,000,< "JO. Sati-faetoiy arrari£> ments were made by the State Premier lor the conversion of thi_ stock. .v now loan of £'2.o'>'j.i)oi< \»;i..- subscriber fourfold in au hour and a half. i

"Given a settlement of the Ulster difficulty," r>aid Mr Denharn, "thi Slates will not have, in my opinion, any difficulty at ail in securing all loan moneys required for ivibljc works. IS> .■ tish investors are beginning to recognise that in Australasia borrowed monois spent upon *-e*Modii.-ti--.' tvt.rks, an.' tn realise thnt invw-trr.enls offered by Anstr.tl'.i and ot">er Rntisb dependen'.ie.s. though bearing lower rates of interest, are more profitable than risky investments offered by such count.rieas Brazil or Mexico. Uf course thero i? :i limit to the abi-r>rotion of loans,"' 'd'-'-d Mr TWnnm. "but I thi*-'.- ('..-. Britain will supply our requirements, especially as a sinking fund is row usually attached to Australasian loan proposals."