DOMINIONS' FINANCE.

Press, Volume L, Issue 15112, 30 October 1914, Page 7

DOMINIONS' FINANCE.

1 MPERIAL GUARANTEES SECURED. LONDON, October 2S. The 11-in. T. Mackenzie has formulated a scheme to secure the Imperial iloverument'h financial assistance for ihe Dominions during war tune. He arranged :■ deputat:o:i t« the Chancellor, George, in which South

Africa and Canada joined, but Australia did not participate. After discussion with Mr Lloyd George and the Governor of tho Bank o: England, the Chancellor agreed to meet the wish** of tin. deputation. The Government agreed to guarantee lb** Bank of England for money required by Canada, tSouth Africa, and New Zoalaml, the amount to bo included in the next Imperial war Iduu. The scheme secures money at a rate not exceeding -'] per cent. South Africa receives s-evon millions. It is unde: - stood that New Zealand sets two millions, and Canada also receives assistance. SYDNEY, October 29. Tho Assembly passed a month's j-up-plv. Mr Cann, in explaining th<? measure, said that- all the States and tho Commonwealth were negotiatin?. loan? >.n There were fair average prospects o: success, and they might reasonably expect the same treatment as other British dependencies.