COMMERCIAL

Grey River Argus, 2 April 1932, Page 8

COMMERCIAL

BANK OF AUSTRALASIA. (Aus. & N.Z. Cable Assn). LONDON, March 31. At the Bank of Australasia meeting, Earl Middleton, presiding, said that it was difficult to prophesy the future, but there were some favourable omens. The new Federal Government, like the National Government in Britain, was facing its difficulties. This fact, to a large extent, had restored confidence that a genuine effort was being made to provide interest payments. Britain’s tariff ought to be of advantage to a producing country like Australia. GERMAN FRUIT TARIFF. CONCESSIONS TO AUSTRALASIA. LONDON. March 31. Germany has decided that the maxi-, mum duty on Australian fruit be fifteen marks per case. Official circles in London anticipate an early announcement that Australia will receive the most favoured nation treatment, with a duty of seven marks, which New Zealand already enjoys. BANK’S FAILURE. 5/- IN THE £1 PAID. SYDNEY, April 1. Liquidators of the Primary Producers’ Bank of Australia intend to distribute on May 30. a cash dividend of five shillings in the pound on admitted claims. Over twenty thousand claims are involved throughout the Commonwealth.