SMALLER TRADE BALANCE
Australia’s Shrinking Credits NARROWEST MARGIN FOR YEARS Drawn on London Funds United Press Association—By Electric Telegraph —Copyright (Received July 13, 6.30 p.m.) CANBERRA, July 13 Australian exports for the fiscal year ended June 30, exceeded imports by only £11,850.000, which is the narrowest margin since the depression. London funds will be called upon for about £10,700,000 to cover the shortage between the trade balance and Australia’s fixed overseas annual commitments, amounting to about £22,500,000.
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Bibliographic details
Timaru Herald, Volume CXLV, Issue 21088, 14 July 1938, Page 7
Word Count
77SMALLER TRADE BALANCE Timaru Herald, Volume CXLV, Issue 21088, 14 July 1938, Page 7
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