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Aust. Reserves Strained (N.Z.P.A.-Reuter—Copyright) NEW YORK, April 27. American and British cutbacks on capital exports were putting extra strain on Australia’s external reserves at a time when her balance of payments had changed for the worse, Australia’s Secretary of the Treasury (Sir Roland Wilson) said today. Addressing a seminar on Australia sponsored by the Chase Manhattan Bank, Sir Roland Wilson said that the capital cut-back was also providing “headaches" because of the possible effect on the repayments Australia must make on overseas loans over the next few years.
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Bibliographic details
Press, Volume CIV, Issue 30737, 29 April 1965, Page 19
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91CUT-BACK OF CAPITAL Press, Volume CIV, Issue 30737, 29 April 1965, Page 19
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