AUSTRALIAN LOAN
FLOATED IN AN HOUR NEW YORK, July 20. The Australian loan was over-sub-scribed within an hour after the books were opened. BRITAIN’S POSITION LONDON, July 20. In the House of Commons, replying to Mr Kenworthy, who tasked if it'was not a bad thii*j for the Empire to place the Australian loan in New York, Sir Walter Guinness said that it would not be desirable that the Treasury should take action in such a case. They could not lend abroad more than the export surplus, otherwise they would soon be landed in financial difficulties.
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Bibliographic details
Wanganui Chronicle, Volume LXXXII, Issue 19364, 22 July 1925, Page 11
Word Count
95AUSTRALIAN LOAN Wanganui Chronicle, Volume LXXXII, Issue 19364, 22 July 1925, Page 11
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