LONDON WAITS
AUSTRALIAN ECONOMIES
LONDON, October 3. While Air Scullin (the Prime Minister of Australia) has made an excellent impression with London .financiers and business men, they are rather reserving judgment until they hear from Australia that the Commonwealth Ministry is cutting expenditure to the bone and carrying out with determination the full policy of retrenchment and. economic reform'. ■ “If the Commonwealth gives the right lead,'Mr Scullin will have no difficulty in funding the floating debt of £30,000,000, and arranging to carry Australia’s external commitments over this difficult period,” said ah authority in the city, who has been in close touch with Australian’s position, to the “Sun.” t ", , But he added that it is absolutely necessary to give that lead—which, indirectly, may help Australia in her Imperial Conference proposals by increasing the feeling of good will to. wards her and accentuating, the desire to meet the Commonwealth,”
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Hokitika Guardian, 18 October 1930, Page 7
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147LONDON WAITS Hokitika Guardian, 18 October 1930, Page 7
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