DOMINION’S SOUND FINANCE
LONDON NEWSPAPER’S PRAISE.
PROBLEMS TACKLED PROMPTLY
By Telegraph—Press Assn.—Copyright. Rec. 5.5 p.m. London, June 7. After reviewing the work of the Melbourne conference in an article headed “Australia Grasps the Nettle,” the Observer pays a tribute to Mr. Forbes uncompromising economy, in consequence of which, it states, New Zealand is confidently launching a loan on London. Australia has only to look to the neighbouring Dominion to see the results of sound finance, with which even the earthquake expenditure has not interfered. The financial editor says the loan will doubtless appeal to banking and other financial institutions, to whom shortterm bonds are always welcome when offered on favourable terms. Though New Zealand’s exchange rate is momni" tarily unfavourable, her problasi- arl being tackled promptly and. on sound lines, and there is little doubt she will overcome the present difficulties once normal conditions are restored.
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Taranaki Daily News, 8 June 1931, Page 6
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146DOMINION’S SOUND FINANCE Taranaki Daily News, 8 June 1931, Page 6
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