AUSTRALIA “UNSOUND"
REPUTATION ABROAD SYDNEY, April 3. “Australia, land of broken promissory notes,” was the heading to a Honolulu newspaper report which offended Australians who returned to Sydney by the Niagara on .Saturday. » “Unfortunately,” said Mr. Charles Macleod, jun., of C. W. Macleod and Son, mercantile brokers and manufacturers’ agents, of Sydney. “I was quite unable to defend my country. The feeling in America, is that Australia is unsound in every way. We broadcast our ills and our troubles, and one reads nothing but ills while abroad. These reports arc adversely affecting our credit still further. My opinion is that the low state of our credit abroad is caused largely 'by our emphasis of it. I came into contact with big organisers in America, who had Australian companies to float. The only news they received about Australia, was bad, and they advised their clients not to touch Australian stocks.
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Poverty Bay Herald, Volume LV, Issue 17236, 16 April 1930, Page 10
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149AUSTRALIA “UNSOUND" Poverty Bay Herald, Volume LV, Issue 17236, 16 April 1930, Page 10
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