OVERSEAS INTEREST
MR. FORBES’ STATEMENT APPRECIATED IN LONDON DOMINION’S BRIGHT FUTURE LONDON, July 12. The Financial Times City editor says: “There has been a quick appreciation of Mr. Forbes’ declaration demonstrating that the present state of the law will not be allowed to stand between Dominion borrowers and the rights of bond-holders. Had an excuse for a less patiently honest policy been sought it could have been found in the circumstances of New Zealand’s trade and revenue. Notwithstanding the strain on the Budget, no relief is sought in respect of £10,000,000 payable annually in Britain on Govern ment local body and private debts. ‘ 1 Fortunately, just when needed, the price structure of primary commodities has begun to improve, and New Zealand, by the sacrifices it has macle in the interests of internal soundness and external credit status, deserves the brighter fortune which seems to be opening up.”
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 164, 14 July 1933, Page 5
Word Count
147OVERSEAS INTEREST Wanganui Chronicle, Volume 76, Issue 164, 14 July 1933, Page 5
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