FEDERAL ACTION
TO SUE NEW SOUTH WALES
SOUTH AUSTRALIA A
PARTY,
(Received 9th April, 11 a.m.)' ADELAIDE, This Day. The Premier, Mr. L. L. Hill, announced that South Australia will be a party, to the action by the Federal Government for the recovery of £729,251 paid by the Commonwealth to the British bondholders through New South Wales having defaulted, in interest payments. As soon as possible after the High Court proceedings a meeting of the Loan Council will be held to determine the policy consequent upon th» default of that State.
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Bibliographic details
Evening Post, Volume CXI, Issue 83, 9 April 1931, Page 11
Word Count
91FEDERAL ACTION Evening Post, Volume CXI, Issue 83, 9 April 1931, Page 11
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