FEDERAL FINANCE
- ■ I . CABINET AIEETS BANKERS INTEREST OX U.S. LOAN SENT TO NEW YORK (U.P.A. by Elec. Tel. copyright.) CANBERRA, Jan. lc. Unexpected arrivals at Canberra yesterday were the chairman of tho Commonwealth Bank Board, Sir Robert Gibson, and the governor of the bank, Mr Riddle, which resulted in a hasty cancellation of the Cabinet meeting and a conference with the leaders of the Government, Messrs Lyons, Latham and Bruce. They met Sir R. Gibson and Mr Riddle, and for some hours traversed the whole of the' Commonwealth’s finances. It Is understood that particular attention was paid to the financial situation in New South Wales. LONDON, Jan. 15. The Commonwealth has remitted to New York 1.850,000 dollars interest due on January 15 bn the 75,000,000 dollars 1925 Commonwealth loan. Tho dollars were bought in London at the current rate of exchange, under which the pound is worth 14s, in addition to which the Commonwealth lost 25 per cent, through the Australian exchange.
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Bibliographic details
Gisborne Times, Volume LXXIII, Issue 11539, 16 January 1932, Page 5
Word Count
162FEDERAL FINANCE Gisborne Times, Volume LXXIII, Issue 11539, 16 January 1932, Page 5
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