COMMONWEALTH FINANCES
LONDON STANDING NOT IMPROVED
By Telegraph—Press Assn. —Copyright. Received Sept. 1, 5.5 p.m. Sun cable. London, August "31. The result of tenders for the £5,000,000 Commonwealth twelve-month .bills certainly has not improved Australia’s financial standing in London, although the high discount rate has closely accorded to market anticipations. The position apparently shows less confidence in Commonwealth finances than is really indicated on closer study, since a combination of many circumstances, largely technical in nature, makes the present moment especially inopportune for any considerable -borrowing, irrespective of the borrower’s identity, ' _____
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19290902.2.97
Bibliographic details
Taranaki Daily News, 2 September 1929, Page 9
Word Count
91COMMONWEALTH FINANCES Taranaki Daily News, 2 September 1929, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in