Foreign News: Australian Loan

Surprise was evinced in some circles that Australia contemplated raising a loan of $100,000,000 through the House of Morgan at Manhattan. This is the first time that the Commonwealth of Australia has proposed to borrow from the U. S.

In "the City," London's financial district, opinions were divided. Some thought the move perfectly natural, as the London market was heavily depressed by industrial insecurity, slack trade, swamped by War loans and made expensive for borrowers by the recent return to a gold standard. Others naturally could not bear to see the U. S....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!