DOMINION’S CREDIT.
STANDS HIGH IN THE MONEY MARKETS. IN ENGLAND AND AMERICA. Auckland, Aug. 15. The Hon. W. McCormack, Premier of Queensland, is a passenger by the Aorangi. He spent some months in America and England on a financial mission and is convinced that the credit of the British dominions stands high in the money markets of both countries. Australia must curtail her borrowing overseas, he says, because she is spending too much money and it is in her own interests to curtail expenditure. He is of opinion that both Australia and New Zealand would be well advised to secure each year a portion of their overseas financial accommodation from New York and thus ease the strain on the Loudon market. Efficient manipuation of proper system of loan flotation in New York, he is confident, would enable Australia to secure excellent terms in that quarter.
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Bibliographic details
Hawke's Bay Tribune, Volume XVII, Issue 206, 15 August 1927, Page 5
Word Count
145DOMINION’S CREDIT. Hawke's Bay Tribune, Volume XVII, Issue 206, 15 August 1927, Page 5
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