AUSTRALIAN FINANCES

Stratford Evening Post, Volume I, Issue 56, 13 February 1931, Page 5

AUSTRALIAN FINANCES

APPEAL MADE TO BRITAIN "COUNTRY IN TIGHT CORNER" REPUDIATION TALK DISCOUNTED CANBERRA, Fob. 1?. Sir James Mitchell, Premier of Western Australia, has sent, a cablegram to London for publication in the Newspapers, appealing to British investors for assistance for the Commonwealth. The appeal emphasises that the repudiation talk in Australia is resented by SO per cent, of the citizens. "We are in a tight corner, having 2,500,000 unemployed due to the sudden drop in export values," he states, "but we are British people who are holding Australia for the Empire. We fee] we have a right to ask help from you, especially when Britain is lending freely to other countries which are no more British, and arc not offering better security."

VALUES ON 'CHANGE. COMMONWEALTHS WEAKER. SYDNEY, Feb. 12. Values of Commonwealth securities were slightly weaker than last week, owing to the failure of the politicians to give the load that investors are waiting for. Bonds of all descriptions .show a slight fall all round. Banking securities are practically neglected excepting Bank of New South Wales, which rose Hs following the declaration of an interim quarterly dividend of nine per cent.