AUSTRALIAN BUSINESS
‘Tied Loan’ Scheme
(N.Z. Press Assn.—Copyright)
CANBERRA, August 5. The Federal Government may adopt a system of “tied loans” to boost trade with lesser-developed countries. The receiving country can use a tied loan only for the purchase of goods and services from Australia, with repayment over a long period. The Government has consistently rejected introduction of tied loans, but industry and commerce are now strongly urging a change. The report of a trade department official who has returned from an overseas study of export credit facilities extended by Britain, America and Continental countries—could affect policy. The principal export targets under the tied loan system would be Asia and Africa.
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https://paperspast.natlib.govt.nz/newspapers/CHP19640806.2.265
Bibliographic details
Press, Volume CIII, Issue 30512, 6 August 1964, Page 23
Word Count
111AUSTRALIAN BUSINESS Press, Volume CIII, Issue 30512, 6 August 1964, Page 23
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