GOLD FOR AUSTRALIA.

Hawera Star, Volume XLVIII, 28 January 1925, Page 5

GOLD FOR AUSTRALIA.

BIG A MERI CAN SHJ PMENTS. nY CABLE--PRESS ASSOCIATION—COPYRIGHT NEW YORK, Jan. 20. The National City Bank announces that it will ship 3,000,000 dollars' in geld to Australia during the next fortnight. It is expected that other banks will also make shipments in the neai future, but it is believed the sudden flow of precious metal will destroy the existing premium, producing a natural stoppage." The Evening Journal, Mr. \V. 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 a bond issue of 100,000,000 dollars.' That is a good idea. Those bonds will be good bonds. Everybody on this continent, north and south, is’ interested in anything, that can be useful to Australia- and New Zealand.

“Australians and New Zealanders are living within the yellow peril shadow of Asiatic frontiersmen. The. defenders of the white face should have all the help that can be given in money and in every other way. “What is most important- to buyers is that the Australians will pay the debt. You may buy those Australian bonds safely. That i’s a deal more than we can say for many bonds from Europe, which are now being unloaded on American markets.”