AUSTRALIA'S GOLD
MAY ALL HAVE TO GO
SCULLIN QUOTES GIBSON !
DEFENCE OF THEODORE
United Tress .V<swiiilion—By Electric Tel»» KraWi—Copjright. (Received 2]st March, 11 a.m.) CANBERRA, This Day. Replying in the House of Repre* seulatives to Mr. W. M. Hughes, Mr, Scull in said llial Sir Robert Gibson, of ihe Commonwealth Bank, considered that it might be necessary at! some time, in order to meet the oblii gallons oversea, to ship all Australia^ gold. Mr. Scullin added that ha thought that position was rapidly, arising. Speaking in Lhe Fiduciary Cur« rency Bill debate, the Prime Minister said that Mr. Theodore, as a mail of experience, was restored to the) Treasurership because the situation had become desperate. While thq Government intended to reduce Pubi lie Service cost?, the basic wage am| pensions would he preserved. A central reserve bank would be establish? cd. "for the maintenance of stability! and security of the monetary credit system of the Commonwealth.'
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Bibliographic details
Evening Post, Volume CXI, Issue 68, 21 March 1931, Page 9
Word Count
156AUSTRALIA'S GOLD Evening Post, Volume CXI, Issue 68, 21 March 1931, Page 9
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