AUSTRATIA’S CREDIT
IMPROVEMENT FORECASTED. [United Press Association.—By Electric Telegraph.—Copyright.] LONDON, July 23. The “Daily Telegraph’s” City Editor says:—There appears to be a reasonable prospect of a steady recovery in the values of Australian Government loans over a period, following on the news of the stabilising of exof bountiful rains, and of slightly better conditions on the commodity markets, following on the taxation to balance the Budget. The “Financial News” expresses the opinion that any suggestion for a new Austraialn loan at present would be unfavourably received. It says: “Australia’s development, however, will necessitate fresh borrowing when the present crisis is over. Aleariwhile the investors are expecting more than a series of forced expedients from Mr Scullin’s Government, and they would welcome an assurance that'a thoroughgoing inquiry is being made with, or without Sir Otto Niemeyer’s assistance, into the whole Australian financial structure.”
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Hokitika Guardian, 24 July 1930, Page 2
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142AUSTRATIA’S CREDIT Hokitika Guardian, 24 July 1930, Page 2
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