It is, perhaps, not surprising to loam that the financial houses in Melbourne stat’'' that the policy ot repudiation advocated by the New South V ales Covert: meat is already lmviiiLt the effect of transferri 111 c ■capital to Victoria. Several large sums running into six figures have been remitted to Melbourne for investment, and numerous inquiries regardimi the state of t.e market indicate that other amounts ore likely to follow in the near future. It is considered that Mr Lane's proposals for an all-round reduction oi interest rates would have had a more immediate effect on the money market in New South Vales hut for the belief that the hill will not he passed Icy the Legislative Council. Hut the proposals have created a feeling of unrest. ‘'The authors of the scheme.”
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Hokitika Guardian, 10 April 1931, Page 4
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133Page 4 Advertisements Column 4 Hokitika Guardian, 10 April 1931, Page 4
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