Page 3 Advertisements Column 2

Hokitika Guardian, 24 May 1928, Page 3

If the credit of Australia were as good as that of New Zealand, it was pointed out l>.v the Federal Treasurer, and it were possible to convert .all the Commonwealth debts, the poop.e o* Australia would make a saving 01 £1.500,000 in interest a'one annually! In this connection it should he noted that, in its endeavours to secure loans lor Australia- on hotter terms, the Federal Government has brought all the State Governments —four of them Labour, and two non-Labour —into an agreement on what is. of course, a I national, and not a party question. Sucli very high praise ot New Zealand’s standard of credit as that proffered by the Federal Treasurer, en- j aides the Government of this Dominion confidently to ignore any criticism i within the Dominion which aims at suggesting that that standard is not as high as it might Is?. Whether New Zealand is over-borrowing is quite another matter, and time alone will foil Meantime, the British investor certainly does not display any evidence of alarm or even of shyness,—Gisborne -“Times.”