Ambassador urges Australia attracting overseas capital
The U S ambassador to Australia William J Sebald spoke to the Sydney Rotary Club praising rising overseas capital inflows and Australia s growing economy. He argued foreign investment expands wealth and living standards, noting reinvested earnings aid growth and that Canada example shows free investment can benefit a nation.
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Sydney
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United States
William J. Sebald
Sebald
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Australians Collect Record £19 Million in Bank Interest
Depositors of the Commonwealth Savings Bank of Australia will have over £19 million credited to their accounts this month for the year ending 31 May 1959. The payment, a record, is almost £2 million more than last year and concerns over a million depositors with total balances around £760 million. Interest is 3 percent per annum on balances up to £2,000. societies receive 1 percent up to £2,000 and 1 3/4 percent on excess. There are more than 7,000 bank offices across Australia, Papua and New Guinea, Pacific Islands and the United Kingdom.
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United States
Canada
Australia
Commonwealth Savings Bank OF Australia
Papua
Guinea
Pacific Islands
United Kingdom
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