WORLD'S FINANCES.
STRAIGHTENINGOUT TASK. By Telegraph.—Ftew Assn.—Copyright. Received Oct. 12, 5.5 p.m. London, Oct. 12. Mr. R. J. Collina (of the Australian Federal Treasury) has returned from Brussels. "The conference found no new remedy for the financial trouble," he said to an interviewer. "IJew of its recommendations are original. The scheme propounded by the conference for the creation of credits in favor of impecunious countries was not worked out in detail, but the feeling of some of the delegates, including myself, was that the bonds to be given by the Government of an importing country should be supported by an international guarantee. The conference considered that the relative advantages of the various means for increasing revenue, whether by direct or indirect taxation or a capital levy, would depend upon the special economic conditions in each country. It was recommended that each country should decide for itself. The conference, being of a financial character, did not consider customs tariff."—Aus. and X.Z.. Cable I Assn..
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Taranaki Daily News, 14 October 1920, Page 5
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163WORLD'S FINANCES. Taranaki Daily News, 14 October 1920, Page 5
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