FEDERAL FINANCE
STATE BANK MERGER
(Australian Press Association.) Sidney, July u. The negotiations between tne Lummonueau.i nank and the Aew South uae.s Mo.eruiinnt savings Jjuuk have Cv.in[)ietCU. die amis provided for the absorption ot tne ,_u.ie wank by tne federal out iia.e nut uei.ii omcialiy announced yet. INTEREST REDUCED. CY COMMONWEALTH BANK. SYDNEY, July 14.' The Commonwealth hank announces a reduction of one per cent, in its interest rate on all advances. l no new rate will he five and a-half per cent. FEDERAL FINANCE. SYDNEY, July 15. Commonwealth loans are strengthening on the Stock Exchange, All issues are in excellent demand at improved rates. CAN AD A -AU STRALI AN TARIFF. CANBERRA, July 15. 'Mr Maloney, Minister’ of Markets, tabled a reciprocal trade agreement between Canada and Australia. Certain Australian goods are to be admitted to Canada at a rate lower than the British preferential covering fresh and canned meats, eggs, dairy .produce, hops, rice, fruits, and wines. Australian butter is to be admitted to Canada at 14s per cwt. lower than New Zealand.
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Bibliographic details
Hokitika Guardian, 15 July 1931, Page 5
Word Count
175FEDERAL FINANCE Hokitika Guardian, 15 July 1931, Page 5
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