QUEENSLAND LOAN

Sun (Auckland), Volume 1, Issue 44, 14 May 1927, Page 4

QUEENSLAND LOAN

PREFERENCE FOR BRITAIN HOPE OF A CUSTOMS UNION By Cable.—Press Association.—Copyrifto LONDON, Thursday. The Premier of Queensland, Mr. Vb McCormack, was a guest at the- annual luncheon of the Empire Parliamentary Association. The Secretary of State for the Dominions, Mr. L. S. Air.ery, who presided, said he hoped Mr. McCormack would obtain a loan in Britain on favourable terms. Mr. McCormack said it was essentia! that Britain should provide ch«P money to assist the Dominions in developing trade and migration. Britain would, within a few years, be faced with the problem of forming * customs union with the Dominions or of associating with Europe, wtnen would result in the Dominions raising their tariffs against the older countries Mr. McCormack said t.e personally hoped for an Empire customs which would enable Australia, with in assistance of British money, to g, her manufactures without even Brit** competition, and by buying iro Britain the goods she was unable make economically. t The United States, with rao ° ey " burn, which was made from the and out of Britain’s misfortunes, w anxious to lend to Australia. . . On the contrary, Australia to support Britain, who took her pr ary produce, instead of an expor country. . the Queensland would borrow fron V ffl . United States only if she were co polled to do so. T The President of the Indian lative Assembly, Mr. Patel, sa hoped the Indian Legislature, largely-extended powers ana . status, would soon welcome at the representatives of the- Empu* . liaments to discuss their mutua P lems. —A. and N.Z.