AUSTRALIAN FINANCE
LOANS FROM NEW YORK. AMERICAN BANKS. SUGGESTED OPERATIONS.
3Y CABI.K PRESS ASSOCIATION -CO P I'K 10 U'i NEW YORK, June 20.
The “New York World,” in u financial ediiitqnvail, .states that the international bankers here and in Australia predict that -the Gomiuo l l wealth is on the verge, of turning to New York for all its industrial and municipal loan?. It l:is explained that New York offers better tennis to borrowers than London.
Bankers here and in Australia believo that if the Commonwealth were pressed, it -would give American banks all the privileges enjoyed by domestic institutions. This agreement would be hived on a provision that the United States grant similar privileges to -Australian banks in the future. In the conflict between the Federal and States laws, the United States interferes because the State lawis, more than the national, now restin'at the operations of foreign banks.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19270622.2.31
Bibliographic details
Hawera Star, Volume XLVI, 22 June 1927, Page 7
Word Count
149AUSTRALIAN FINANCE Hawera Star, Volume XLVI, 22 June 1927, Page 7
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