LITHGOW IRONWORKS.

Hastings Standard, Volume XI, Issue 5679, 7 December 1907, Page 3

LITHGOW IRONWORKS.

THE BANK DECLINES THE TERMS. AN APPEAL TO THE GOVERNMENT. United Press Association. - By Electric Telegraph. Copyright. (Received 7, 9.34 a.m.) Sydney, Dec.mber 7. The Commercial Banking Company has infortiled the Hon. Sanford that the bank could not agree to the Government's terms for the proposed advance to the Lithgow ironworks. In the assembly and in reply fo a statement that the B<mk had decided to close down on the Ironworks Company, and that it appeals to the Government to devise a means to keep the works going, Mr Wade stattd he had no official information of the matter, and could not say what further steps would be takpn, but the Government was prepared to make efforts to prevent a dislocation of the industry.