MAKING GOOD
AUSTRALIA’S FINANCIAL EFFORTS. CREDIT MUCH IMPROVED. (Received 0 a.m.) LONDON, August 17. The financial editor of the “Daily Telegraph” expresses satisfaction at the progress of the Australian Loan Conversion scheme. He says Australia’s position has improved enormously in the 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 stocks can continue confidently to retain their holdings,
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Northern Advocate, 18 August 1931, Page 5
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83MAKING GOOD Northern Advocate, 18 August 1931, Page 5
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