LOAN ISSUE BAN
“FINANCIAL TIMES’ ”• REVIEW
(United Press AesuciatiolD—By Electric Telegraph—Copyrigllth
LONDON, May 16,
The “Financial •'■"Times” The ban oil newrisshes of loan is not blocking the way to an Australian loan conversion. The sole reason for the delay in producing an Australian conversion scheme is the present position of the gilt-edged security market, and the recent European developments, which have created such 1 nervousness that it is felt that the time is not opportune for any major operation. Australia must have a propitious investment market for her to succeed.’’
AUSTRALIAN LOAN PROPOSAL
MELBOURNE, May 16
It is understood that Air Stanley Bruce, the Australian Resident Minister in London, who recently reported ‘favourably on the prospects of the further conversion of a large proportion of' 'Australia’s overseas loans, has now intimated that the position has completely changed during the past few days, owing to the unsettled conditions in Europe, the possible failure of the Disarmament Conference, and other disturbing factors.
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Hokitika Guardian, 17 May 1933, Page 5
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160LOAN ISSUE BAN Hokitika Guardian, 17 May 1933, Page 5
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