N.S. WALES FINANCE.
Bankruptcy Declaration a Possibility. FEDEEAL CABINET PROBLEM. (Seceired 10.30 E_m-) SYDNEY, this day. The ""Daily Telegraph" says one of the first thinss the new Federal Gotemmezrt Ls likely to consider is i~ns financial position 01 New South W2.l=;. which. would rake Lis possiolliiy 01 thi= State be in j practically oansrupt. The Lean ciuy possiblv consider 3lr. J. T. Lanp- application lc-r an approval 01 a ii=U6 »o cover the Mat of the propceed suburbs railway on condition that rue Premier makes lood his staters defaul.ed interest and fully honours nia piOmic£= to the council Unless steps are taken to place Xew South Wales in a solvent condition, tne ; necessity for installing a receiver wiu i become urgent.
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Auckland Star, Volume LXII, Issue 306, 28 December 1931, Page 7
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121N.S. WALES FINANCE. Auckland Star, Volume LXII, Issue 306, 28 December 1931, Page 7
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