WEST AUSTRALIAN LOAN

Otago Witness, Issue 2934, 8 June 1910, Page 27

WEST AUSTRALIAN LOAN

LONDON, June 1. Sir G. H. Reid, referring to the West Australian loan, says that if put to it Australia could find the money for all its needs, but the more British capital that is converted into Australian securities the better for the British capitalist, for Australia, and for the Empire. The Hon. Mr Moore (Premier of West Australia), referring to the loan, said that Australia would come to London during the next year or two for four or five millions. West Australia was now more solidly and genuinely prosperous than in the palmiest days of the gold boom. He instanced the wheat production, and said that West Australia would soon share with Tasmania the world's fruit markets. The immediate pressing necessity was population. His last audience with the late King had revealed to him the profound interest which King Edward took in the overseas dominions, his intimate knowledge of such a remote State ne West Australia, and his active sympathy with their ambitions and aspirations. The two last hours of King Edward's life were given to the services of the overseas empire. King George, who received him as Prince of Wales, was a great Imperialist, and no one knew better or understood better the overseas people.

June 3. the Financial Times says that the public has srot a bit tired of Australia's per-

petual borrowing, and the conspicuous

absence of a sinking fund in the case of many loans calls for unfavourable comment. Nevertheless, a large proportion of the indebtedness is represented by remunerative public works. The underwriters will receive 83 per cent, of the Westralian loan.