GOLD FOR AUSTRALIA

Evening Star, Issue 18851, 28 January 1925, Page 5

GOLD FOR AUSTRALIA

AMERICA’S INVESTMENT. NEWSPAPER ADVOCATES BUYING BONDS. Press Association—By Telegraphr-Copyright. NEW YORK, January 25. The National City Bank announces that it will ship 3,000,000 dollars’ worth of gold io Australia during the next fortnight. It is expected that other banks will also make shipments in the near future, but it is believed that a sudden flow of tho precious metal will destroy tho existing premium, and thus produce a natural stoppage. The ‘ Evening Journal ’ (Mr W. R. Hearst’s leading evening paper), in advocating investment in Australian _ bonds, says; “ American financiers will join with London bankers in helping Australia by floating bond issues of £.100,000,000. That is a good idea. Those bonds will be good bonds. Everybody on this continent, north and soutlq is interested in anything that can be useful to Australia and New Zealand. Australians and New Zealanders are living within the yellow shadow of Asia frontiersmen. Defenders of the white race should have all the help that can be given in money, and in any other way. What is most important to* buyers, is that the Australians will pay the debt. You may buy those Australian bonds safely. That is a deal more than we can say' for many bonds from Europe which are now being unloaded on tiie American markets.” —A. and N.Z. Cable.