N.S.W. DEFAULT

Grey River Argus, 4 May 1932, Page 5

N.S.W. DEFAULT

INTEREST PAID Lyons’ Allegation (Aus. &, N.Z. Cable Assn). LONDON, May 2. The Commonwealth paid £655,086 inierest and banks’ commission due on May Ist, on N ? cw South Wales 5$ per cents, and 6 per cents.

N-S.W. TRUST MONEYS. SYDNEY, May 3. Mr Lyons, in a message to the Teachers’ Federation and the Public Service Association of New South Wales, states:—“No State funds will come into possession of the Com? monwealth Government. On April 11th the banks held only £85.000 for the New South Wales Government, which had previously withdrawn a million pounds in cash. Mr Lyons says that xhe money included in the withdrawals must be the amounts du ‘ to the tru t funds.

TAXATION DATA. SYDNEY, May 3. Other taxat on documents will ba made available to the Commonwealth to-day. The notice served on Mr MeMahon, requiring the production of all assessment notices does not expire until May 12:h. It is understood that the State Government will not refuse to hand over - these'documents.

WILL MR LANG GET OUT? SYDNEY. May 3. Speaking as Chairman, non. Leader of th? Labour Party in the Upper House, said: “If Mr Lang enters Federal politics. a s he may soon, if .things get worse. I hope Mr J. McGirr wilt be the new Premier.”' Referring to the payment of overseas inteiest. Mr C-oncannon said: €, lf the P ivy Council decision favoured the State Government, The' Upper House would go almost immediately* We will then give those big .business men and wealthy people, who are cry* ing about non-payment, the opportun* ity to pay that interest themselves. We will see how th-y will acr.”