10 SEPTEMBER 1932, Page 28

THE REWARD.

This courageous fight for sound principles in Australia has naturally had its effect upon the course of Australian securi- ties in the London market. At the beginning of the month, the following rises had taken place from the lowest quotations

Stock.

Australian (Commonwealth) 6 per cent., 1931-41 .. .

Do. 5 per cent., 1945-75 .. Now South Wales 3 per cent., Lowest 1931.

65 58 Sept. 2nd.

100 1024

R130.

35 444

1935

43 92 49

Do. 34 per cent.,-1930-50..

30 81 61 Do. 4 per cent., 1933 .. 65, 99 34

Do. 5 per cent., 1945-65 -; -'

47' 100 53 Do- 54 per cent., 1947-57.. 50 102 52 Queensland 5 per cent., 1940-60.. 46 98 52 Do. 4 per cent., 1940-50 .. 40 85k 45i South Austtalia 5 per cent., 1945- 75 57 100 43 Tasmania 34 per cent., 1920-40.. 46 90 44 Victoria 5 per cent., 1945-75 .. 50 100 60 Do. 34 per cent., 1929-49.. 40 81 41 Western Australia 5 per cent., 1945-75 60 100 40 Do. 34 per cent., 1920-35.. 58 95 37 Do. 4 per cent., 1942-62 .. 45 87 42 touched during the crisis of 1931: A. W. K.