AUSTRALIAN CREDIT
OUGHT TO IMPROVE Conversion Nicely Balanced CONSUMMATE SKILL SHOWN (By Telegraph—Press Assn.—Copyright.) (Received 24, 1.10 p.m.) LONDON, Feb. 23. The “Economist” says: “The Australian conversion appeal's to have been nicely balanced. Indeed some of these operations have been conducted with consummate skill. The market is now entitled to, and will have, a breathing space. “There is no reason, however, why Australian credit, should not improve further, as wool and the general economic conditions of the country are on the up-grade. “The next problem before the Commonwealth is to deal with dollar loans in New York which are purchaseable to yield about 5.6 per cent, with redemption of about If per cent, more than on sterling loans.” This is a highly anomalous position and the Government might well make a beginning by calling a 50,000,000 dollars 4} per cent. 1956 loan.
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Bibliographic details
Hawke's Bay Tribune, Volume XXIV, Issue 63, 24 February 1934, Page 7
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142AUSTRALIAN CREDIT Hawke's Bay Tribune, Volume XXIV, Issue 63, 24 February 1934, Page 7
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