DEBT GROWS GREATER
CONCERN IN AUSTRALIA TOO MUCH BORROWING By Cable.—Press Association. — Copyright. Reed. 11.15 a.m. MELBOURNE To-day In his annual address to the members of the Stock Exchange. Mr. F. Woods, the chairman, expressed concern at the rate at which Australia is borrowing. He said economy with discretion appeared to be more necessary than ever. The national debt was increasing at a greater rate than it should do. The question of the national debt should be carefully examined. For the past year the borrowing had increased by nearly £35.D0j,000. There seemed to be a tendency to get everything under control except the cost of production and borrowing.— A. and N.Z.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19280106.2.26
Bibliographic details
Sun (Auckland), Volume I, Issue 245, 6 January 1928, Page 1
Word Count
111DEBT GROWS GREATER Sun (Auckland), Volume I, Issue 245, 6 January 1928, Page 1
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in