AUSTRALIAN CREDIT
A BETTER TONE IN LONDON.
Australian Press Association.)
(Received this day at 11 a.m.) SYDNEY, September 10.
The Premier and treasurer, Mr B. S. B. Stevens, announced to-night that, during the past few week, the Government had been able to renew debentures and treasury bills in London amounting to £10,500,000 at the rate of 2} per cent; \The previous rates were 5 and per cent, respectively. This would result in savings of £IBO,OOO a year, ‘exclusive of the cost of exchange on remittances.
He added; “Although money is undoubtedly cheaper, London regarded the renewals as striking evidence of increased confidence in Australian credit.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19320910.2.33
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 10 September 1932, Page 5
Word count
Tapeke kupu
105AUSTRALIAN CREDIT Hokitika Guardian, 10 September 1932, Page 5
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