LOAN FOR NEW ZEALAND
ADVICE TO AUSTRALIA. DOMINION TACKLING PROBLEMS. FINANCIER’S TRIBUTES. United Prn3s Assn.—Elec. Tel. CoDyrlgttt. LONDON, June 7. After reviewing the work of the Premiers’ Conference at Melbourne in an article headed: “Australia Grasps the Nettie.” the Observer pays a tribute to the Prime Minister of New Zealand, Mr G- W. Forbes, for his uncompromising economy as a consequence of which, it says, New Zealand is confidently launching a loan ihi London.
“Australia has only to look at the neighbouring Dominion,” says the paper, “to see the results of sound finance, with which even the earthquake expenditure has not Interfered.”
The Observer’s financial editor says “The New Zealand loan no doubt will appeal to banking and other financial Institutions to whom short-term bonds ars always welcome when offered on favourable terms. Though New Zealand exchange rate at the moment is unfavourable here her problems are being tackled promptly and on sound lines and there is little doubt that she will overcome her present difficulties once normal conditions are restored.”"
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Bibliographic details
Waikato Times, Volume 109, Issue 18349, 8 June 1931, Page 7
Word Count
171LOAN FOR NEW ZEALAND Waikato Times, Volume 109, Issue 18349, 8 June 1931, Page 7
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