NO REPUDIATION
HIGH COMMISSIONER’S VIEW
Reed. Noon. RUGBY, Wednesday. Sir Granville Ryrie, High Commissioner for Australia in London, has written to the Press with reference
to the suggestion, to which publicity has been given, that Australia might consider the repudiating of her war debt. Sir Granville Ryrie says Australia has never yet, and never will, fail to meet her obligations at the due dates. He recalls this statement made by the Australian Prime Minister, Mr. J. H. Scullin, in the House of Representatives: “I regard the Australian debt as I would regard a personal debt. There will be no repudiation of our obligations by this Government/’ Mr. Scullin has since declared that repudiation would not only be dishonest but disastrous, and has described the suggestion as “utter nonsense.” The “Financial Times” says financial circles regard the initiation of the scheme of pooling Australian bank funds in London—estimated at '£40,000,000 —as one of the most important; measures introduced in connection with the crisis.
It is believed that the scheme will remove all doubts of Australia’s ability to meet her commitments promptly and faithfully. It is satisfactory that the banks’ decision was unanimous.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19300918.2.82.3
Bibliographic details
Sun (Auckland), Volume IV, Issue 1080, 18 September 1930, Page 9
Word Count
191NO REPUDIATION Sun (Auckland), Volume IV, Issue 1080, 18 September 1930, Page 9
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