AUSTRALIA’S WAR DEBT
EASIER TERMS SOUGHT FOR. Press Association—By Telegraph—Copyright LONDON, December 14. In addressing the London bankers at a dinner given in his honour by the Westminster Bank, Mr Bruce announced that he was negotiating with the British Government for the revision of the terms of the funding of Australia’s war debt, including' the rate of interest charged. He said that he had pointed out that the terms were a little harsh, and his request was founded on the principle of equity, which could not be overlooked. Britain had funded her debt to America on very much more advantageous terms. Mr Bruce stressed the fact that every future Australian loan would carry a minimum sinking fund of 10s per cent. He said he felt confident that they would be able to continue to carry out loan operations in London, though they had been receiving most alluring offers from elsewhere. Australia to-day offered the greatest opportunity of any country in the world.—Reuter.
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Otago Daily Times, Issue 19046, 17 December 1923, Page 7
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162AUSTRALIA’S WAR DEBT Otago Daily Times, Issue 19046, 17 December 1923, Page 7
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