LOAN TOTAL REACHED

Hawera Star, Volume L, 18 December 1930, Page 5

LOAN TOTAL REACHED

SUCCESS OF FEDERAL ISSUE. VICTORIA’S GREAT RESPONSE. (United Press Association —By Electric Telegraph Copyright.) CANBERRA, Dec. 17. The Commonwealth £28,000,000 _ loan closed to-day. An official announcement to this effect was made after the receipt of advices from all the States which showed that the lull amount required had been subscribed. Victoria made by far the largest number of applications and heads the list. The figures up to last night showed that Victorian applications numbered 43,505, the amount subscribed to the loan being £12,535,720. New South Wales made 17,715 applications, and the subscriptions totalled £7,642,040. Mr J. G. Latham, leader of*the Opposition, expressing gratification at the result, of the loan, said he hoped the result of the campaign would restore confidence in Australia generally and thus make possible the first step towards emergence from the depression. He added that if the Feedral Government would make a definite declaration against repudiation and inflation no doubt unemployment would rapidly decrease.