NEW ZEALAND’S FINANCE
TRIBUTE AT EON DO X. FACING- COUNTRY \S PROBLEMS. (United Press Association —By Electric Telegraph Copy right.) LONDON, June 7. After reviewing the work of the Melbourne conference in an article headed i l Australia Grasps the Nettle, ” the Observer pays a tribute to Mr (Forbes’ uncompromising economy, in consequence of which, it states, New Zealand is confidently launching a loan on iLondon. Australia has only to look to the neighbouring Dominion to sec the results of sound finance, with which even the earthquake expenditure has not interfered. The financial editor says the loan will doubtless appeal to banking and other financial institutions, to whom shortterm bonds are always welcome when offered on favourable terms. Though New Zealand's exchange rate is momentarily unfavourable, her problems are being tackled promptly and on sound lines, and there is little doubt she will overcome the present difficulties once normal conditions are restored.
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Hawera Star, Volume LI, 8 June 1931, Page 5
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152NEW ZEALAND’S FINANCE Hawera Star, Volume LI, 8 June 1931, Page 5
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