PREMIERS' CONFERENCE

Hawera & Normanby Star, Volume LXII, Issue LXII, 22 January 1912, Page 5

PREMIERS' CONFERENCE

COMMONWEALTH BANK PRO-

POSALS DISCUSSED

by cable—press association—copyright. MELBOURNE, Jan. 21. The Premiers' Conference lengthily discussed Mr Fisher's savings bank proposals.

Mr McGowen believed the Commonwealth Bank would be of material interest to the States in their future development. He suggested the Commonwealth be allowed to have 25 per cent of the States' savings banks' new business, on loan for, say, five years. Mr Fisher would thereby be able to finance the Commonwealth, and need not establish a Commonwealth bank.

The discussion is unfinished, and the Conference adjourned till Monday.