'Hot Money’ Attracted To Aust.
(N.Z. Prtu Aun.—CopvrifMJ MELBOURNE, May 13, Australia's current big capital inflow and striking Increases in portfolio Investment contained some “hot money”, but consisted predominantly of investment, rather than speculation, said Professor R. F. Henderson. Professor Henderson, director of the Institute of Applied
Research, Melbourne University, was addressing a public meeting called by the committee for the economic development of Australia in Melbourne. He predicted that Australia’s international reserves would run down next year, but that this need not cause a contradiction in the Australian economy as domestic oil production and exports of minerals would have a significant effect from 1970.
N.Z. INDEX Th* Reaervo Bank's index of share prices In New Zealand (January IS, ISSB. equals 1000) is:—
1995 N.Z. Aust February 11 •o. *1340 1996 January 27 FM, 1144 1997 January 13 June 29 December 31 rw 1105 r« 1057 1 1001 1998 January 25 994 February 29 1069 March 28 s. 1115 — April 11 r.. 1138 April 18 .. 1144 April *24 .. 1159 .. 1208 May » . 1208 •Peak
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Press, Volume CVIII, Issue 31678, 14 May 1968, Page 20
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173'Hot Money’ Attracted To Aust. Press, Volume CVIII, Issue 31678, 14 May 1968, Page 20
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