AUSTRALIAN ECONOMIES

Wanganui Chronicle, Volume 74, Issue 133, 8 June 1931, Page 7

AUSTRALIAN ECONOMIES

COMMENT IN LONDON NEW ZEALAND’S EXAMPLE SOUND FINANCE INDICATED [By Telegraph—Press Association Copyright! Received June 7, 6.50 p.m. LON-JON, June 6. After reviewing the Melbourne conference work in an article headed “Australia Grasps the Nettle," the Observe: pays a tribute to Mr Forbes’ uncoin promising economy, in consequence ot which it states that New Zealand is confidently launching a loan on London. ’ Australia has only to look to her neighbouring Dominion to see the results ot sound finance, with which even earth quake expenditure has not interfered,' 1 states the Observer. The financial editor says: “The loan will doubtless appeal to banking ami other financial institutions, to whom short-term bonds are always welcome when offered on favourable terms. Though New Zealand’s exchange rate is momentarily unfavourable, her prob lems are being tackled promptly and on sound lines, and there is little. doubt that she will overcome the present difficulties once normal conditions are restored. CONFERENCE PROSPECTS ACCEPTABLE PLAN IN SIGHT SYDNEY, June 6. The morning newspapers agree that tho prospects of an* agreement at the Melbourne Premiers’ Conference are brighter. The atmosphere has improved and an acceptable plan is in sight. QUEENSLAND PARLIAMENT EXTENSION OF TERM BRISBANE, June 6. When the Government Party meets on the return of the Premier (Mr Moore) from Melbourne, it is understood that ho is to be asked to consider extending the life if the present State Parliament from three to five years. The annual conference of r.hc Country and Progressive National Party has already urged the idea and tho Premier has expressed himself definitely in favour of it. Ho declared that if it wore considered desirable to extend the period he would have it done without a referendum.