LEGISLATION AND FINANCE.
| STATE OBLIGATIONS. LONDON, July 23. At a meeting of Australian estates, Mr Williamson, the chairman, referring to Mr Theodorefs speech said the Mother Country would willingly supply all the capital Queensland wants for developing its resources on the one condition that State contracts, whether with State creditors or with individual lessees, are sacredly observed. The credit of any State must suffer from legislation which fails to observe the elementary conditions of good faith. No one wishes to interfere with Queensland sovereign rights or to see the development of this magnificent State retarded for lack of loan money; but if these sovereign rights are so exercised by the Queensland Government Jts to deprive any of State creditors of their rights, ou their faith in which they have been induced to Invest money, the Government cannot complain if the result is to stop further capital going to Queensland.
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Bibliographic details
Taihape Daily Times, Volume XI, Issue 3536, 26 July 1920, Page 2
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149LEGISLATION AND FINANCE. Taihape Daily Times, Volume XI, Issue 3536, 26 July 1920, Page 2
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