THE AUSTRALIAN LOAN

Otago Daily Times, Issue 19531, 14 July 1925, Page 7

THE AUSTRALIAN LOAN

FLOTATION IN NEW YORK. EXPRESSION OF APPROVAL. Press Association—By Telegraph—Copyright LONDON, July 12. / The Weekly financial review of the Daily Telegraph says: “The fact that the Commonwealth has obtained a loan in the United States should reassure those who were nervous concerning the autumnal demands for our gold. In view of the, indigestion from which we are suffering, which is evidenced by the discounting of the lost two colonial loons issued, we see no ground for the adverse criticism of Australia’s new departure. On the contrary wo ought to be grateful to America for supplying Australia’s needs, provided that stringent measures ate taken to prevent American financiers from dumping the bonds here as soon as the loan, is floated.”- —A. and N.Z. Cable. OPINION IN NEW YORK, VALUABLE STIMULUS TO TRADE. NEW YORK, July 12. Under the heading ‘‘Topics in W T all Street,” the New York Times says: “Aside from its importance as a financial development, the Australian loan to bo floated soon in New York is attracting attention because of the stimulus to trade which it is expected to cause. While a large part of the funds raised here will be required for funding purposes in Australia, the operation is likely to open up markets in the Commonwealth for many lines of American products. “The terms of the Australian loan are expected to he announced this week. The amount is variously from 50,000,000 to 100,000,000 dollars.” —A. and N.Z. Cable.