FEDERAL POLICY
SECURITIES GOING UP
(United Press Association—By EJectru telegraph—Copyright) LONDON, August 12. The feature, of the market in investment securities is the recovery of the Australian Government stocks. This is attributed to there being a good harvest in Australia and to the effect oi the great drought in the United States. Rises of from a quarter to one and a11a 1 f in Australian Government securities are recorded. The “Financial Times” says: There is a general advance in the price of Australian stocks. This is due to there being a growing impression that Australia’s financial problems are bein'.' disentangled. It adds: —“We have idl along contended that Sir Otto Nielneyed would not proceed on such a mission unless the Bank of England and he felt reasonably confident thal the difficulties were superable. and could be overcome by a combination of experience and economy.”
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Hokitika Guardian, 13 August 1930, Page 3
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144FEDERAL POLICY Hokitika Guardian, 13 August 1930, Page 3
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