SAVINGS LOST
(Press. Assn.-
DEFAULT IN}REPAYMENT OF' EXTERNAL LOANS. BRITAIN'S TREMENDOUS TASK.
-By Telegraph — Copyrlght).
(Received Feb. 5.) , _ LONDOlSh ^hursday, Between. £2,G00,0Q0,000, - ai^d £5,QOO;,OOQ,6po of Britisji . savipgs have . heen- :i°st,. in .oyerseas inve'stT mpnts during t)rb pasf ,6. years,. saic Sir ^rthur M-tSamueJi who- was Fihancial Secretary to ^h'e ^reqsury 192T-,2p; at ^pking. ; ,He nrg.ed .thb institutipn.,,,pf measures;',.tq.. preyeijt the hotatiqn. .of;undesirable loans, aridy to ensure .thalfc interest. repay-: ments. were piroperly secured, p.erhaps by the hyppthecatibn ,of 1 specifie revr enues; 4.hsi^nedV;to\"sec'ufe lf. ^fbreigh loans here, He addjed that eyery_cOuntry . m. Spiith America,' with. the exceptfon.of ;i4rg.entina, was'in d^fariK in the repaymehts' of their externa". loans.
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https://paperspast.natlib.govt.nz/newspapers/RMPOST19320206.2.19
Bibliographic details
Rotorua Morning Post, Volume 1, Issue 141, 6 February 1932, Page 3
Word Count
107SAVINGS LOST Rotorua Morning Post, Volume 1, Issue 141, 6 February 1932, Page 3
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