LOANS FROM NEW YORK.
HON. W. MeCOBMACK’S ADVICE. DOMINION'S CREDIT STANDS HIGH. (BY TELEGRAPH PRESS ASSOCIATION.) AUCKLAND. Aug. 15. The Hon. W. McCormack, Premier of Queensland, who was .a passenger by the Aorangi, has spent several months in America and England on a financial mission. He is convinced that the credit of the British Dominions stands high in the money markets of. both countries. Australia must curtail her borrowing overseas because she is spend ing too much loan money, and in her own interest® to curtail expenditure. He is of opinion that both Australia and New Zealand will be well advised to'each year secure a portion of thenoverseas financial accommodation from New York, and thus ease the strain on the London market. Efficient manipu’ation of a proper system of loan notation in New York, he is confident, would enable Australia to secure excellent terms in that quarter.
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Hawera Star, Volume XLVI, 15 August 1927, Page 5
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147LOANS FROM NEW YORK. Hawera Star, Volume XLVI, 15 August 1927, Page 5
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