LONDON VIEWS ON BUDGET
APPROVAL FOR LOAN
(N.Z. Press Association—Copyright) (Rec. 10 p.m.) LONDON, July 23. London newspapers today gave prominence without much comment to details of the New Zealand Budget and the Prime Minister, Mr Holland’s, announcement that the New Zealand Government is to seek a £10.000,000 loan on the London market. The city editor of “The Times” saying it was already known the Dominion would be coming to the market sooner or later, says New Zealand can reasonably look forward to borrowing on decidedly cheaper terms than in 1953.
The Financial correspondent of the •‘Manchester Guardian’’ says that Mr Holland’s statement that the Murupara scheme should save millions of dollars and earn millions of pdunds are reasons presumably why the Chancellor of the Exchequer (Mr R. A. Butler) has given permission for a loan to be raised in London. The “Daily Express” says *hat “wisely” Mr Butler has approveo the loan.
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Press, Volume XC, Issue 27410, 24 July 1954, Page 8
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153LONDON VIEWS ON BUDGET Press, Volume XC, Issue 27410, 24 July 1954, Page 8
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