LOANS FOR AUSTRALIA.
BORROWING MUST BE CLOSELY WATCHED. OPINION OF FINANCIAL- PAPER. nr CABLE—PRESS ASSOCIATION—COPYRIGHT. LONDON, Dec. 20. “There is still a feeling in the City that Australia borrowing must be closely watched,” says the “Financial News.” “Recent reforms in the matter of the Loan Council and sinking funds contained no guarantee that money borrowed would be spent mare effectively. If it is a relief to learn that, drastic reductions in expenditure were agreed upon at Monday’s- meeting of the council .in Canberra, the task of making Australia’s credit secure is being tackled none too soon. -So continuous has been the increase in her debt that it cannot be viewed with equanimity.”
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Hawera Star, Volume XLVII, 21 December 1927, Page 5
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112LOANS FOR AUSTRALIA. Hawera Star, Volume XLVII, 21 December 1927, Page 5
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