COLONIAL LOANS.
DIVERTTON TO U.S.A. “NO GROUND FOR CRITICISM.” BY CABLE—PRESS ASSOCIATION—COPYRIGHT. Received July 13. 2.50 p.m. LONDON, July 12. The Daily Telegraph’s weekly financdai review says: “The fact that the Commonwealth has obtained a loan in the United States should reassure those .who were nervous concerning autumnal , demands for our gold. In view -if indigestion from which we are suffering, evidenced by the discounting of the last two colonial issues, we see no ground for adverse criticism of Australia’s new departure. On the contrary, we ought to he grateful to America for supplying Australia’s needs, providing stringent measures ar© taken to prevent American financiers dumping bonds here as soon as the loan is floated.
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Hawera Star, Volume XLV, 13 July 1925, Page 9
Word Count
115COLONIAL LOANS. Hawera Star, Volume XLV, 13 July 1925, Page 9
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