AUSTRALIA WILL PAY
GOOD NEWS AT, HOME
FAVOURABLE REACTION
(Received 31st March, 10 a.m.)
LONDON, 30th March,
Mr. Scultin's decision to prevent NewSouth Wales defaulting is featured in all tho evening papers. Tho "Standard" carries a great bannerline, "Australia has Decided to Pay." ,
The Stock Exchango reacted favourably, Commonwealth fives sharply advancing with a general increase of 5 per cent. *
In the House of Commons Mr. .T. H. Thomas, Dominion Secretary, amidst general ■ cheers, announced that the Commonwealth would provide interest for the payment of the loans which New South Wales had declined to do.
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Bibliographic details
Evening Post, Volume CXI, Issue 76, 31 March 1931, Page 9
Word Count
95AUSTRALIA WILL PAY Evening Post, Volume CXI, Issue 76, 31 March 1931, Page 9
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