LOANS FROM AMERICA
BETTER TERMS THAN LONDON WILL AUSTRALIA BORROW? Press Association —By Telegraph—Copyright. NEW YORK, Juuo 20 The ‘New York World,’ in a financial editorial, states that international bankers hero and in Australia predict that the Commonwealth is on too verge of turning to New York for all its industrial and municipal loans. It explained that New York offers better terms to borrowers than London. Bankers bore and in Australia believe that if the Commonwealth were pressed, it would give American banks all the privileges enjoyed by domestic institutions. This agreement would be based on a provision that the United States should grant similar privileges to Australian banks in (ho future. The conflict between the Federal and the States' laws in the United States in terfercs because the State laws more than the national now restrict tho operations of foreign banks.
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Bibliographic details
Evening Star, Issue 19589, 22 June 1927, Page 5
Word Count
142LOANS FROM AMERICA Evening Star, Issue 19589, 22 June 1927, Page 5
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