AUSTRALIAN FINANCE.
MONEY FROM AMERICA. LOAN OVER-SUBSCRIBED. By Telegraph.—Press Assn. —Copyright. New York, July 20. The Australian loan was over-sub-scribed within an hour after the books opened. London, July 20. In the House of Commons, replying to Mr. Kenworthy, who asked if it was not a bad thing for the Empire to place the Australian loan in -New York, Mr. Guinness said it would not ’be desirable that the Treasury should take notion in such a course. They could not lend abroad more than the export surplus, otherwise they would soon be landed in financial difficulties.
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Taranaki Daily News, 22 July 1925, Page 9
Word Count
96AUSTRALIAN FINANCE. Taranaki Daily News, 22 July 1925, Page 9
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