SUCCESS OF LOAN
£17,000,000 IN CASH. ACHIEVEMENT PR AISED. (United Press Association—By Electric Telegraph Copyright.) CANBERRA, Dec. 18. The acting-Prime Minister, Mr. J. E. Fenton, announced that the cash subscriptions to the Commonwealth £28,000.000 loan already amounted to £17,173,790, and the conversions to £11,393,050, making a total of £28,567,440, which he described as a wonderful achievement considering the loan was open for only four weeks. He anticipated that the loan would be over-subscribed by £2,000,000. FAITH IN FUTURE. PEOPLE OF AUSTRALIA. ENCOURAGING GESTURE. LONDON, Dec. 17. ‘•The Times' 1 says that the success of the loan shows that the Australian people have faith in the future, and do not believe in the danger of repudiation or even inflation. The result should make Mr. Scullin’s position less difficult and also encourage those other sturdy fighters, the Labour Premiers of Victoria and South Australia.
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Hawera Star, Volume L, 19 December 1930, Page 9
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142SUCCESS OF LOAN Hawera Star, Volume L, 19 December 1930, Page 9
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