AUSTRALIAN POLITICS.

Hawera & Normanby Star, Volume LXII, Issue LXII, 29 November 1911, Page 8

AUSTRALIAN POLITICS.

COMMONWEALTH BANKING

LEGISLATION

BY CABLE— PRESS ASSOCIATION—COPYRIGHT. (Received Nov. 29, 12.5 p.m.) MELBOURNE, Nov. 29. Mr Murray Watt has arrived to confer regarding the Commonwealth Bank Bill. All the State Premiers regard the proposal of the Commonwealth Savings Bank with alarm, fearing that it will practically abolish State banks, which are a good source of revenue. In the House of Representatives the Bank Bill was taken in Committee. Mr'Fisher agreed to keep the moneys of the general bank and the savings bank separate. He stated that if the States desired to co-operate the Government would be willing to receive them. . -~...-.«.,,