DOMINION LOANS
COMMENT IN LONDON REPATRIATION PLANS N.Z. AN EXCEPTION (Eloc. Tel. Copyright—United Press Assn.) (Reed. March 2.2 p.m.) LONDON, March 1. Australia’s decision to raise £18,000,000 on the Australian market, which was made simultaneously with the announcement of India’s project for the progressive repatriation of sterling loans, has aroused much interest in the gilt-edged market. These loans are interpreted as indicating the Empire’s lessened financial dependence on London, providing a fresh basis for hopes of a large-scale wartime repatriation of Dominion securities. However, it is thought that New Zealand cannot be brought within the orbit of any such plan for some time in view of the political and economic difficulties which led to its i'uncWng scheme and imports control legislation.
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Bibliographic details
Gisborne Herald, Volume LXVII, Issue 20187, 4 March 1940, Page 11
Word Count
121DOMINION LOANS Gisborne Herald, Volume LXVII, Issue 20187, 4 March 1940, Page 11
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