MONEY FOR OVERSEAS

Manawatu Times, Volume LXXVIII, Issue 12931, 30 October 1914, Page 4

MONEY FOR OVERSEAS

By Electric Telegraph.— Press Asso-

ciation.—Copyright. SYDNEY, Oct. 29. The New South Wales Assembly passed a month's Supply. Mr Cann, in explaining the Bill, said all the States and the Commonwealth were negotiating for loans in London. There were fair average prospects of success, and they might reasonably expect the same treatment as other dependencies.

LONDON, Oct. 28. Hon. T. Mackenzie has formulated a scheme to secure the Imperial Government 's financial assistance for the Dominions during war time. He arranged a deputation to Mr Lloyd George wherein South Africa and Canada joined. Australia did not participate. After discussion with Mr J Lloyd George and the governor of the Bank of England, the Chancellor agreed to meet the deputation's wishes. The Government agreed to ; guarantee the of England for the money require.' for Canada, South Africa and New Zealand aa amount to included in the next Imperial war loan. The scheme secures money at a rate not exceeding 4% per cent. South Africa received £7,000,000. It is understood New Zealand received £2,000,000, and Canada also received assistance.