LANG'S APPLICATION
HALF MILLION MORE
LOAN COUNCIL DEFINITE
LYONS ON POSITION
United Press Assoctttlon—By Hecttlo Td»> ■ Efaph—Copyright. (Received 30th January, 9 a.m.); MELBOURNE, This Day. The Loan Council considered Mr. Lang's application for half a million and refused to sanction it. The Prime Minister, Mr. J. A. Lyons, told ' Mr. Lang that it was a matter for the Commonwealth Government. The Federal Cabinet is holding a special' meeting on the subject. Speaking at a complimentary/ luncheon of the Victorian Chamber of Commerce, the Prime Minister' discussed the financial crisis. Re I said that it was imperative for every i Government to balance its Budget. He emphasised the gravity of the - New South Wales position, which was responsible for £9,000,000 of 1 the total Governmental deficit of £18,000,000. The time had arrived; when the favoured treatment of New South Wales must cease:
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Bibliographic details
Evening Post, Volume CXIII, Issue 25, 30 January 1932, Page 13
Word Count
141LANG'S APPLICATION Evening Post, Volume CXIII, Issue 25, 30 January 1932, Page 13
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