THE EMPIRE COMMISSION.
IMPERIAL FINANCE,
By Cahle—Press Association—Copyright,
Received 6, 8.50 p.m. Melbourne, May 0.
At the Empire Commission Mr. Deakin said that he regarded the proposal of Mr. Beauchamp. of the Bank of New Zealand, for an Imperial Development Board, of great Imperial interest. He meant to use the Empire's credit for the Empire's development. He thought that Parliaments would agree to such a body raising loans within the prescribed limits for helping the development of outlying Dominions. If the Board's loans were guaranteed, they would, be able to secure a lojver rate of interest. The potential value of the Empire credit had been mentioned in Australia for many yearn, but no definite working proposal's had previously been submitted. Mr. Beauchamp's scheme was the first I real Imperial effort.
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Bibliographic details
Taranaki Daily News, Volume LV, Issue 296, 7 May 1913, Page 5
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130THE EMPIRE COMMISSION. Taranaki Daily News, Volume LV, Issue 296, 7 May 1913, Page 5
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