AUSTRALIAN CREDIT.
Mr. W. A. Leitch, general manager in Australia and New Zealand of the Union Bank, who recently returned to Melbourne from London, speaking of Australian credit abroad, said that on his previous visit to the United Kingdom nine years ago Australia had either been ignored or spoken of in a derogatory' fashion; to-day there was a strong Imperial feeling, and Australia and the, other Doniinions were receiving every consideration. Australian bonds,, by her action in honouring debts, had become gilt-edged securities. The financiers at Home were finding confidence in the economic position of, Australia. Australia and the other Dominions were the only people in the world paying the interest of English bonds. Even Argentina was not paying her debentures on railway stocks practically held by British interests. The confidence in Australia had been well illustrated by the splendid terms 'allowed for its recent loan.
Messrs. Joseph Nathan and Co"., Ltd., are advised; London, 21st November, as follows:—"Egg . market depressed and weak Australian 12s to 14s; no demand There are 60,000 boxes of Australian landing.".
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Evening Post, Volume CXIV, Issue 124, 22 November 1932, Page 10
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176AUSTRALIAN CREDIT. Evening Post, Volume CXIV, Issue 124, 22 November 1932, Page 10
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