TO SAVE AUSTRALIA
PREMIERS DECIDE
CANBERRA CONFERENCE
United I'ress Association—By Electric Telegraph—Copyright. (Received 14tli February, 10 a.m.) CANBERRA, This Day. The Conference of the Federal and State Ministers agreed to adopt a three-year plan "to meet the national emergency and bring about an adjustment of burdens." The objects aimed at are: The reabsorption in industry of the unemployed; the maintenance of national solvency; the restoration of Budget equilibrium and an equitable spread of loss of national income over all sections of the community. The proposals include substantial reductions of interest rates on deposits and advances of the Commonwealth Bank, trading banks, and savings banks; reduction in wages, salaries, and allowances in State and Commonwealth public services, and a special tax on interest from bonds. These decisions followed a long discussion on the reply of the Commonwealth Bank to Mr. Theodore.
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Bibliographic details
Evening Post, Volume CXI, Issue 38, 14 February 1931, Page 9
Word Count
140TO SAVE AUSTRALIA Evening Post, Volume CXI, Issue 38, 14 February 1931, Page 9
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