AUSTRALIA SHORT OF CAPITAL
FAVOURABLE MARKET FOR INVESTORS
ILCBFASE IN TRADE WITH NEW ZEALAND United Press Association—By Electric Telegraph Copyright (Received November 23, 10.45 p.m.) SYDNEY, November 23. Addressing the Millions Club, the Federal Treasurer, (the Hon. R. G. Casey) declared that Australia offered the best field for international investment throughout the world. The Commonwealth was at present short of capital. Between £70,000,000 and £80,000,000 were spent in 1936 on buildings and public works. The exchange rate had been stable for six years, the budgets were now balanced, and the various Governments this year would apply £10.000,090 to the reduction of the public debt.
AUSTRALIA’S IMPROVED TRADE NEW ZEALAND’S UNFAVOURABLE BALANCE United Press Association—By Electric Telegraph Copyright (Received November 23, 8.15 pun.)) SYDNEY, November 23. The total value of Australian overseas trade in 1936-37 was £221.700,000. of which, trade with Britain represented 46 per cent. Imports from New Zealand amounted to £1,542,831 and exports £4,539,915.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19371124.2.75
Bibliographic details
Timaru Herald, Volume CXLIII, Issue 20893, 24 November 1937, Page 9
Word Count
155AUSTRALIA SHORT OF CAPITAL Timaru Herald, Volume CXLIII, Issue 20893, 24 November 1937, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Timaru Herald. 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.