FEDERAL FINANCES.
COMMONWEALTH TREASURER’S
OI'IKION.
By telegraph, Press Aos’n, Copyrlgh
Rrcoived 4.63 p.m., April 21. London, April 21. Bir John Forreet bas started for Brindisi. Ho oonsidors his mission satisfactory. Ho b?liovos that tho transfor of debts to the Commonwealth will bo woll reooived in finanoial oiroles, which consider that as existing stocks maturo they ought to be repaid by Oommonwoalth oonsols. It is undosirablo to attompt conversion prior to maturity until new stooks are firmly established and popular. Financiers believe that the oonsols will ultimately command a higher prioo than State stock, oonvorsion on termd favorable to the Commonwea'th being possible later. A favorable opportunity for establishing oonsols will bo when a considerable amount of Stato slock is maturing. Sir John Forrest considered that the Commonwealth should soon find it possible to take over 8 ato debts, and was confident that converting them into oonsols would secure a considerable saving
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Bibliographic details
Gisborne Times, Volume XXII, Issue 1730, 23 April 1906, Page 2
Word Count
151FEDERAL FINANCES. Gisborne Times, Volume XXII, Issue 1730, 23 April 1906, Page 2
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