ADVICE TO AUSTRALIA.
•POLICY OF ECONOMY. London, March 24. The city editor of The Tinies, referring to the expectation in well-informed circles thht the Australian exchange position will be considerably easier with? in the next two months, sounds a warning note, “It is earnestly to be hoped,’ he says, “that the revival of trade will not be the signal for a fresh outburst of unrestricted optimism and reckless borrowing. Australia Will .be wiee for the next few years to -pursue -a rigid policy of economy-, and capital expenditure should be restricted to Reproductive works. ships at from £25 to £3O a ton when they can be purchased for £l3 a ton is not economy, "but extravagance.”
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Taranaki Daily News, 11 April 1921, Page 7
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116ADVICE TO AUSTRALIA. Taranaki Daily News, 11 April 1921, Page 7
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