DEVELOPING AUSTRALASIA.

Taranaki Daily News, Volume LVII, Issue 12, 2 June 1914, Page 5

DEVELOPING AUSTRALASIA.

BRITISH CAPITAL AVAILABLE. STATEMENT BY QUEENSLAND'S PREMIER. By Telegrapn—Press Association. Auckland, Last Night. Tho favorable reception accorded by British investors to loan proposals'-from tihe overseas dominions impressed the Premier of Queensland (Mr D. P. Denham) during his stay in London. Sonn remarks on the subject were made by him when interviewed on the Niagara. The principal object of his visit to London was to arrange for the conversion of loan moneys maturing next year, and to secure a Joan for current public works. Various loans raised (by Queensland some 40 years ago, will malture next year, the total amount being £16,000,000. Satisfactory arrangements were made by the Sitato Premier for the conversion of this into stock. A new loan of £2,000,000 wag subscribed fourWld in) an hour and a half. "Given l the settlement of the Ulster difficulty," said Mr Denham, "the States will not have, .11 my opinion, any difficulty at all in securing all ,tho loan moneysi required for public works. British investors axe beginning to rcoogniso that in Australasia borrowed money is slpcnt upon reproductive worfts and to realise that investments offered by Australia. and atlher British dependencies, though, bearing lower rates of interest, n.re more profitable than ris'-cy investments offered by such countries asBrazil or Mexico, Of course, there is r. limit to absorption of loans," added Mr Denham, 'Shut I (think Britain will .supply our requirements, especially as tilie sinking fund is now usually attached to Australasian loan proposaCs."