BRITISH EAGER TO TRADE
FACTORIES START IN AUSTRALIA
MORE INVESTMENT PREDICTED.
Bj Telegraph—Press Assn.—Copyright
Sydney, May 8.
Tho State Treasurer, Mr. B. 8. B. Stevens, commenting on the announcement that Swedish match factories would be started in Australia this year, and on the fact that British capital is prepared to build a railway to the outer suburban seaside resort of’Newport, said tho mere fact that British capitalists were anxious to invest in Australia in private industry was some evidence of their desire to trade with Australia. The extent of their trade would depend upon the fiscal policy of the Commonwealth.
“I belief the inability of the Government to borrow the same amount of lean capital as hitherto will inevitably mean the transference of external capital to Australia for private investment,” said Mr. Stevens.
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Bibliographic details
Taranaki Daily News, 9 May 1930, Page 2
Word Count
133BRITISH EAGER TO TRADE Taranaki Daily News, 9 May 1930, Page 2
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