Ogden Standard-Examiner | 1922-01-08 | Page 16 | Australians About to Secure New Loan

00 HH AUSTRALIANS ABOUT TO SECURE NEW LOAN SVD.NTV, New South Wftle-. Jun 7 iff! Tho American loan of 912.000.000 BH to Queensland Is merely a prelude to an Important financial transaction be- tween the United States and Queens- BH land, according to the opinion expres-in expres-in well-informed circles here. It was pointed out that 1'remler VH Theodore of Que.-nlund contemplates VABV a trip to America soon, to raise an ad- H dltlOnal loan prlmnrily for th4 ac- BVHV gulsitlon of the Hrlabane tramways H and the efltabllshm nt of state eteei H an.) Iron works Bowsn. BH Although it Is bellevc-d that the loan could be obtain- d In America at the H interest rate of tho recent loan. It la considered doubtful whether Premier H Th.-ooore. desphe '.he need of his gov- H nt for financial aid. would be prepared to pay the 7 per cent rate aHBB of the former obligation. bBVh1 Verj little of (he $1'.'. 000. 000 loan H liable for expenditure in H Queensland when Undon commit- ments have been met, u waa said, wj MS