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PROVIDING SVATEIt FOR CITY COMMONWEALTH BANK AT.COWS AX OVERDRAFT (Anst. and N. /, Cable) (Received April ft. 2 p.m.) Sydney, April 0. Mr. Theodore states that tile Commonwealth Bank has financed the Sydney Metropolitan Waler Board by way of granting an overdraft to a limit of fClOO.afkt to carry on peecssa ry work. I.AXGiSM PREVENTS COAX The Federal Treasurer explains that the Board was prepared to raise a loan on the local market in older to carry on its work and had been authorised by Premier Bang to otter ill. to 7 per cent, interest. But a loan even on those terms became intI t sihle after Mr. Bang liad launchid his repudiation policy.
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Bibliographic details
Feilding Star, Volume 8, Issue 2400, 9 April 1931, Page 8
Word Count
117CAN NOW CARRY ON Feilding Star, Volume 8, Issue 2400, 9 April 1931, Page 8
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