EMPIRE MONEY MARKET
PROSPECTS FOR NEST DECADE.
Press Association—By Telegraph—Copyright. MELBOURNE, Angust 1. (Received Aug. 1, at 8.15 p.m.) The Auditor-general has returned from a visit to London in connection with, loan matters. He states that so far as the Empire money market is concerned he had formed the opinion that during the next decade at least Australia would have to look to her own market for cheap money. The prevailing rate in London was &2" P er oent., but owing to the high income tax this really meant a return of only 3J,- per cent.
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Bibliographic details
Otago Daily Times, Issue 17693, 2 August 1919, Page 9
Word Count
96EMPIRE MONEY MARKET Otago Daily Times, Issue 17693, 2 August 1919, Page 9
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