LOANS FOR QUEENSLAND
FRIENDLY ADVICE TO THE GOVERNMENT. Australian and N.Z. Cable Association. (Received July 25, 5.5 p.m.) LONDON, July 23. At a meeting of Australian estates, Mr Williamson, chairman, referring to tho recent speech of Mr E. G. Theodore (Premier of Queensland), sa'id the Mother Country would willingly supply all the capital Queensland wants for developing the country's resources on the condition that State contracts, v/hother with State creditors or individual lessees, are sacredly observed. The credit of any State. must suffer from legislation which fails to observe the elemontary conditions of good faith. ("No one wishes to interfere with Queensland's sovereign rights, or see the development of this magnificent State retarded for lack of loan money, but if those sovereign rights a.re so exercised by the Queensland Government aa to deprive any of the State creditors of rights, on faith wherein they havo been induced to invest money, the Government cannot complain."
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Bibliographic details
New Zealand Times, Volume XLVI, Issue 10651, 26 July 1920, Page 6
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154LOANS FOR QUEENSLAND New Zealand Times, Volume XLVI, Issue 10651, 26 July 1920, Page 6
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