FINANCIAL

Hokitika Guardian, 12 May 1930, Page 5

FINANCIAL

AFFECT OF INDIAN CRISIS. . , *isT.v - (United Press Association—By Electric lelegraph-r—Copyright). (Received this day at 9.40 a.m.) ROND,ON, .May 11. The behaviour of the Indian stocks is among the most interesting points m the financial situation. The disquieting news might jiaye been expected to cause considerably depressed quotations, but tiie majority of the Indian securities .remain comparatively firm. The city is apparently considering they amount to a definite obligation on the British Government. Though recent statements, from the Indian Office tend to confirm this view. Iu is difficult to see how. ( in the unlikeliest event of a complete Indian collapse the British Government could undertake to shoulder such colossal additional financial' ■ "burdens as they .would thereby be involved. It.is hard to believe, this consideration accounts altogether for the present unexpected firmness, which, some wed informed circles attribute to.private advices from Indian. representatives of large financial' houses, disclosing : a less serious Situation than t il(e wess reports indicate,. W.h’at position, despite f certain is. .curiously out of ac- ■ co'rcl. with financial, feeling towards Australia, which still exhibits anxiety and pessimism. apparently, dispropor- ; tiopate to the fbets.