COLONIAL LOANS.

Dominion, Volume 6, Issue 1816, 31 July 1913, Page 3

COLONIAL LOANS.

A TOTAL OF £32,629,776. VICTORIAN PREMIER ON FINANCE. Mr. Watt, the Premier, who returned from his trip to England and the Oontinent last week, said that in the period from October 15, 1912, to .lunp 5, .191:), the colonial borrowing registered in J.omton amounted to and the foreign loans reached the total of ,201,080. Ot tho sum raised by colonial l>orrowers nio vast bulk was for Australasia. New South ■ Wales, for instance, conducted operation to .£7,500,000. The "eneral feeling from ilaicli to Julo "\\cis that until coiidilions improved it was unwise for any fresh borrower to go on the market for a largo >.'um._ _ "1 concurred in that view. hveiituall> L deemed it desirable to float only a thrcj million loan, which was towards the conversion of the four million ban tailing due on October 1. The advice 1 recuivwl before leaving London indicate tnat wc Mill bo able to ffet the money we neat tor our development works as we nrcd it. He must not expect it at quite so. law a ralo of interest as wc have pauUlnrniK recent years. I expect that a 4 per cent, par market will be ojirs.' . Dealing with the question of limnigiation, tho Pramiw said: "I am hopeful that tho worst part of the amimgraaon business is over, .because,l have been successful in arranging with New Wales to run a. joint staff and service in Europe. In connection with immigration to Victoria, I regard the amalgamated concern, with Mr. Hunter placed in charge, as the first step (.wards conduct-in-'work by Federal authority. 1 think, when Australia speaks with one voice and deals with one set of .agents and one set of shipping people, it is likelv to get moie immigrants of a better class and at a cheaper cost per head than by various. States working separately."