THE NETTLE GRASPED.
STATE ECONOMY. TRIBUTE TO MR FORBES. COMPARISON WITH AUSTRALIA. (UNITED r«E39 ASSOClATlON*—electric 1 EMJCJBArH—COPYRIGHT.) (Received Juno 7th, 5.5 p.m.) LONDON, June 6. Alter reviewing tho work of the Promiers' Conference at Melbourne, tho "Observer,'.' in an article headed "Australia Grasps the Nettle," pays ft tribute to tho Jtt, Hon. G. W. Forbee's uncompromising economy, in consequence of which it states that New Zealand is ooufidently launching a loan on the London market. Australia has only to look to the neighbouring Dominion to soo tho results of sound fmance with which even the earthquake expenditure has not interfered. The Financial Editor says that the |oan will doubtless appeal to the bank*Tng and other financial institutions to whom short-term bonds are always welcome when offered on favourable terms. Though New Zealand's ' exchange rate is momentarily unfavourable, her problems are being tackled promptly and on sound lines, and there is little doubt she will overcome her present difficulties once normal conditions have been restored.
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Press, Volume LXVII, Issue 20257, 8 June 1931, Page 11
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164THE NETTLE GRASPED. Press, Volume LXVII, Issue 20257, 8 June 1931, Page 11
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