DOMINION FUNDS
BRITISH MOVES POSSIBLE fr.Y CABLE —PRESS ASSN. —COPYRIGHT. I LONDON, February 14. The “Financial Times” complains that the vesting order of February introduces a new and in some respects an undesirable element into British war finances. It says: Speculation is rampant about possible luither moves embracing New Zealand and Australian, stocks. It is recognised that India’s sterling resources are altogether, exceptional, and also that the acute shipping shortage is sufficient to preclude, at present, any possibility of the reinforcement of New Zealand and Australian, sterling assets in Britain. , However, some quarters are ° opinion that part of the substantia flow of Dominion funds which now are returning a bare one. per cent, in the bill market, will eventually diverted to the repatriation of longterm loans, and also the Dominions costly sterling debt. It is argued that, while New Zealand and Australian exports are cui - tailed, Britain’s exports to New Zealand and Australia are likely to be . restricted still > more, thus corres- , pondingly affecting the balance ot ' trade.
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Greymouth Evening Star, 17 February 1941, Page 2
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168DOMINION FUNDS Greymouth Evening Star, 17 February 1941, Page 2
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