The Queensland Loan.
INT HI! KKT I’.KI.OW li I’i'Hf < i'NT. •\USTItUJAN ANl> V. 7.. CAULK AS.-Ofl A I’lON’ HR IriRA NK. O. l. litIn the Queensland Assembly, Mi Theodore, the I'iemier. explained the American loan, lie said the Koveinmeiit has heen disinclined to break away fiom the iraditioiml lines ol borrowing from overseas, but pc I."Udou liimm-iers, who have heen inllni.need apparently by pnlitieal considernlions, have made tip their minds to keep Qucnshind oil' the l.oiidon markel. At the same lime there was not sufficient local money oti'ennp in Queensland for the (iovei nnient needs. The re fore the (iovernincnl had dren e I to accept all American oiler. I hi' 0i1',.;. lie announced, has heen. made through the Cnmmotiwonlth Haul-., and t|„, (toveriililenf had tided under t-lie advice of the (iovurnoi of the CniiimoiiWpaUh Hank. Ml Theodore added Hint fin' c-i m-ileil cost nf the lotin would woik out a* less than Ci per cent, lb' s: nl ai-raucen-euts have heeil made ten the loan lo be invested in Hnndoii, and in l,c drawn upnlt tm requmMb^
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Hokitika Guardian, 14 October 1921, Page 1
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178The Queensland Loan. Hokitika Guardian, 14 October 1921, Page 1
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