AUSTRALIAN FINANCE.
EFFECT OF CONVERSION SCHEME. LONDON, Aug. 17. . The Daily Telegraph’s financial editor indulges in an expression of satisfaction at the progress of the Australian conversion scheme. He says that Australia’s position has improved enrmously during tho past few months. Meanwhile Australia is preserving her credit abroad by not asking foreign bondholders to accept a curtailment of interest. Apparently the danger of'default, is now definitely averted, and holders of Australian stock can continue confidently to retain their holdings.
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Manawatu Standard, Volume IV, Issue 220, 18 August 1931, Page 7
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79AUSTRALIAN FINANCE. Manawatu Standard, Volume IV, Issue 220, 18 August 1931, Page 7
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