QUEENSLAND'S LOAN.
DISTRUST IN LONDON.
A FINANCIAL OPINION.
(By Electric Telegraph.—Copyright.) (Australian-N.Z. Cable Association.) Received Last Night, 8.45 o'clock. LONDON, July 20.
In reference to Mr. Theodore's spoech, cabled on the IG'th, a leading Anglo-Australian financier, in the course of an interview, said that any difficulty and loss of credit with which Mr. Theodore found himself faced in London was not due to any misunderstanding or prejudice on the part of financiers or Stock Exchange members, but to a widespread feeling of distrust, caused principally by the passing of tho Land Act Amendment Act, 1920, which the financial community in London regards as a breach' of faith and a violation of contract. "It is unreasonable for Mr. Theodore to say tho refusal to lend his Government money is an interference with the sovereign rights of Queensland. The character of the legislation in any country is a governing factor in its ability to raise loans in tho London market, and if there were a Government in Queensland which commanded the confidence of investors here, any money required for a loan would be rapidly forthcoming."
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Bibliographic details
Wairarapa Age, 22 July 1920, Page 5
Word Count
183QUEENSLAND'S LOAN. Wairarapa Age, 22 July 1920, Page 5
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