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... obtained an interest-free loan of 160 million Australian dollars, he was quite satisfied with the British approach. This loan could be used by the Australasian Government without any restrictions.

Such terms were better than the low-interest loans offered to many countries and capital entities. Before World War I, France, famous for its loans, imposed many restrictions, one of which was the necessity to spend a certain portion of the loan on purchasing industrial equipment and other sup ...

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