AUSTRALIAN FINANCE
AN IMPROVED OUTLOOK.
[by CABLE —PRESS ASSN. —COPYRIGHT.]
LONDON, July 23
The “Daily Telegraph’s” City Editor says:—There appears to be a reasonable prospect of a steady recovery in the values of Australian Government loans over a period, following on the news of the stabilising of exchange, of bountiful rains, and of slightly better conditions on the commodity markets, following on. the taxation to balance the Budget. The “Financial News” expresses the opinion that any suggestion for a now Australian loan at present would be unfavourably received. It says:— Australia's development, however will necesitate fresh borrowing when the present crisis is over. Meanwhile, the investors are expecting more than a series of forced expedients from Mr Scullin’s Government, and they would welcome an assurance that a thorough-going inquiry is being made with, or without, Sir Otto Niemeyer’s assistance, into the whole Australian financial structure.”
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Greymouth Evening Star, 24 July 1930, Page 10
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145AUSTRALIAN FINANCE Greymouth Evening Star, 24 July 1930, Page 10
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