PREMIERS CONFER.

Auckland Star, Volume LXIII, Issue 160, 8 July 1932, Page 7

PREMIERS CONFER.

Unanimous Agreement On Plans For Future. AUSTRALIA'S FINANCES. SYDNEY, July 7. Considerable importance is attached to a statement issued by the Prime Minister, Mr. J. A. Lyons, this afternoon, during an interval at tho Premiers' Conference. Mr. Lyons said the conference had reached a unanimous agreement on a plan of a comprehensive character to deal with finances in the current year and upon the question of unemployment. Further conferences of a most satisfactory nature had bcon conducted with the Commonwealth Bank Board, with which satisfactory arrangements had been made in regard to the provision of the necessary finance. A full statement is to be issued tomorrow. COAL FREIGHTS CUT. STEP TO AID N.S.W. INDUSTRY. SYDNEY, July 7. The Government of New South Wales, with the object of aiding the coal industry, has reduced the freight rates on coal to the 1920 level. Crane charges also are to h<. , reduced. The reductions apply to coal ;:n<l coke for shipment to oversea markets and for the bunkers of oversea ships. The arrangement, however, is temporary, until September 30, but it is retrospective to July 1. The coal mine owners declare it will be impossible to make contracts for three months, and therefore that tho new arrangement is unsatisfactory.