MR. LANG'S LOANS.
Commonwealth Government
Gives Guarantee.
ISSUE OF , TREASURY BILLS.
(Received 9.30 a.m.)
SYDNEY, this day.
TS; Commonwealth Government has come to the aid of the New South Wales Government by issuing £1,500,000 of. Treasury bills. These will form a guarantee to the banks against the sum to be advanced by. them to Mr. Langs Government. " ; • The "Sydney Morning Herald' says the issue of £5,000,000 Treasury bills at 5 per cent reveals that compared -with the rate available for first-class commercial security Australia.has been compelled to/ pay dearly for this six months' accommodation. The $«*« price for the best paper, the 'Herald adds, is £2 : 6/3 per cent, so,that Australian credit; instead of improving, to* become worse, owing possibly to the unsettled political outlook in the Federal sphere andHhe recent threats, of .-inflation. . , . •
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Bibliographic details
Auckland Star, 2 January 1931, Page 7
Word Count
133MR. LANG'S LOANS. Auckland Star, 2 January 1931, Page 7
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