Must Have Money to Pay Overseas Interest
POINT IN QUOTA DISCUSSIONS United Press Association. —By Electric Telegraph—Copyright. Received Wednesday, 7 p.m. LONDON, May 23. The Daily Herald’s political correspondent says that the Dominion representatives in London are taking the greatest interest in the conflict between the city and Major Elliot. Formal negotiations have already been opened to stave oil' the application of the quota system when the Ottawa Agreements come up for revision in July. The Dominion representatives says the will provide an increasing share of the British markets for the Dominions. Regarding the question of default, o high Australian official said: “Australia never officially suggested that it won’t pay interest, on its British loans, but the matter is simple arithmetic. We have to export £-10,000,000 more goods than-we import in order to meet the interest on our loans. If wo cannot clear that margin——” The Australian did not complete the sentence.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MT19340524.2.31
Bibliographic details
Manawatu Times, Volume LIX, Issue 7472, 24 May 1934, Page 6
Word Count
152Must Have Money to Pay Overseas Interest Manawatu Times, Volume LIX, Issue 7472, 24 May 1934, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.