COMMONWEALTH BANK
PROPOSED ABSORPTION
FEDERAL APPROVAL
CANBERRA, 22nd April. Though no official announcement is being made pending the 'receipt of details from the Common woilth Bank Board, it can be stated definitely that the Federal Government is prepared to agree to tho absorption of'tho Now South Wales State .savings Bank in the Commonwealth institution lif suitable terms.can be reached. , j. ■
The- Loan Council will uioet to-mor-row at Melbourne, when} Mr. E. G. Thcoilore will be present, rind the situation will bo fully discussld. Mr. J. FT.. Sciillin, explaining the siirgestion that the tfiduomrf Notes Bill might reappear sooner thin lias been expected, said that the Commonwealth Bank Board, m -view of Hie'increased responsibility it iniglib have to assume/
possibly would find it necessary to npjiroach Parliament for authority to increase the note issue.
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Bibliographic details
Evening Post, Volume CXI, Issue 95, 23 April 1931, Page 11
Word Count
133COMMONWEALTH BANK Evening Post, Volume CXI, Issue 95, 23 April 1931, Page 11
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