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Newspaper
Northam Courier
Location
Northam, Western Australia, Australia
Date
Jul 27, 1917
Page
3
The Commonwealth Treasurer forwards interest warrants totaling 3,000,000 to investors in War Loans and urges further public lending via War Savings Certificates. The gilt edged investment offers 4.4 percent compound interest with tax free status. Certificates from 1 to 1,900 pounds available at banks and official offices with full details on request.
The Canadian special timber trade commissioner reports that Canadian firms with shipping capacity are entering Australia’s timber market with promising results. Australia remains a key outlet for British Columbia timber, second only to Canada’s prairies, and Canada could supply half of Australia’s timber needs. This shift would underpin a strong Pacific merchant marine and bolster regional trading and maritime industries. Timber imports into Australia grew sharply, rising from £869,107 to £42,589,002 per year between 1913 and the latest period.
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