ISSUE OF BANK NOTES
AUSTRALIAN WAR GRATUITIES.
(UNITED TRESS ASSOCIATION.—COPiWGHT.)
SYDNEY, -17th March. When war gratuities were granted to returned soldiers the banks found £6,000,000 to enable the Commonwealth Treasury to make cash payments in necessitous cases, on the understanding that they could obtain Australian notes to the extent of £6,000,000. The Note Board has now decided finally to discharge this obligation by issuing notes to the extent of £6,000,000, less the amount already drawn by the banks., This will increase the note issue by approximately £4,2C0.0C0.
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Bibliographic details
Evening Post, Volume CVII, Issue 66, 18 March 1924, Page 7
Word Count
87ISSUE OF BANK NOTES Evening Post, Volume CVII, Issue 66, 18 March 1924, Page 7
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