AMERICAN CABLE NEWS

Hokitika Guardian, 10 July 1925, Page 2

AMERICAN CABLE NEWS

( Australia A N.X. Cable Association.] LOANS FHO.M A.M ERICA. NEW YORK. Jules 8. Toe New A’urk “Times" tinanciaf editor says in to-day's issue:—-The approach of the maturity date of large Australian Government, bonds is causing possibility of an Australian loan here. Australia, so far, lias done all its iiunnciiig ill London, hut. it is believed that some has boon shifted to New York this year. Several Wall Street firms are known to be seeking this business, as Australia enjoys a high credit standing. Her security should go well here. The British return to the gold standard has pul a virtual ban on new financing, even in the British Colonies. This factor is allowing the forthcoming Australian refunding issues to be floated in New York. In addition to the refunding of her war debts, Australia is known to be desirous of capital for the extension of her public wonts.

A TRADE AGREEMENT. OTTAWA, July 8. The text, of the trade agreement between the West Indies and Canada shows the former gives Canada a lari!! preference on flour, butter. cheese, lard, eoiidcn-ed milk, meat of ati kinds, li.sli, apples and potatoes. The agreement provides lor two steamship •services, lor passengers, mails, anti freight, fortnightly, from the Canadian ocean ports all the year round, and a second service of smaller vessels from the Canadian river ports in the summer and from the ocean ports in the winter. All the freight rates are subject to control by the Canadian Government. Towards the service, the West .Indies will contribute L'29,()(K) annually, and an additional subsidy for certain calls of steamers. Canada extends a tariff .preference to a large list of tropical products from the West 111( 1 i ps.