CAUTION NEEDED
HEAVY BORROWING AUSTRALIA'S FAILING WORD OF WARNING (United Press Association.—Copyright.) (Bcceived 6th January, noon.) MELBOURNE, This Day.' In his annual address to the members of the Stock Exchange, Mr. _. Woods, tho chairman, expressed concern at the rate at which Australia was borrowing. Ho said that -conorny with discretion appeared to be more necessary than over. The National Debt was increasing at a greater rate than it should do. The question of tho National Debt should be carefully examined. For tho past year borrowing had increased by nearly £35,000,000. There seemed to be a tendency to get everything under control, except the cost of production and borrowing.
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Bibliographic details
Evening Post, Volume 105, Issue 4, 6 January 1928, Page 7
Word Count
108CAUTION NEEDED Evening Post, Volume 105, Issue 4, 6 January 1928, Page 7
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