AUSTRALIA’S DEBT
AND RATE OF BORROWING CONCERN EXPRESSED Melbourne, January 6. ...In liis annual address to the members of the Stock Exchange, Mr. Fr Woods, the chairman, expressed concern at the rate at which Australia was borrowing. He sad that economy with discretion appeared to be more necessary than ever. The National Debt was increasing at a greater rate than it should do. The question of the National Debt should be carefully examined. For the past year borrowing had increased bv nearly £35,000,000. There seemed to be a tendency to get everything under control, except the cost of production and borrowing. a
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Dominion, Volume 21, Issue 84, 7 January 1928, Page 9
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102AUSTRALIA’S DEBT Dominion, Volume 21, Issue 84, 7 January 1928, Page 9
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