AUSTRALIAN FINANCES.
STATE BORROWING AND SECU UITY. By Telegraph—Press. Association—Copyright London, Dec. 24. Mr R. L. Nash.-' mauoiol editor of tbo Sydney Daily graph, in a series of articles in the D, ,y Chronicle, shows that; the buik of tho -, . Stato borrowing is wisely inves t in revenue-producing public work:, - f despite the fact that tho loans in sou.- cases are ill-spent tho security is much morur than tho total indebtedness, and i 3 unimpeachable.
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Bibliographic details
Gisborne Times, Volume XII, Issue 1082, 28 December 1903, Page 2
Word Count
75AUSTRALIAN FINANCES. Gisborne Times, Volume XII, Issue 1082, 28 December 1903, Page 2
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