AUSTRALIAN FINANCE
REPORTED IJ.S.A. OFFER. (United Press Association—By Electric Telegraph.—Copyright.) NEW YORK, November 1.
AVall Street circles read with interest the London Daily Afail’s Sydney despatch, printed here, that American trading banks have offered the New South Wales Government 250 million dollars as a loan at six and a half per cent, but they treated the item with considerable scepticism, particularly a phase in which the banks are allegedly ready to make the concession of n large loan for the right to do business in Australia.
One of the leading financial figures of America, informed the Australian Press Association that any talk of an American loan, no matter what size would be premature until “Australia puts its financial house in order.” He further pointed out that there was little likelihood of American trading hanks entering upon any deal 'involving the granting of a loan for business concessions in Australia.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19301104.2.18
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 4 November 1930, Page 3
Word count
Tapeke kupu
149AUSTRALIAN FINANCE Hokitika Guardian, 4 November 1930, Page 3
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in