FEDERAL FINANCE
LOAN TRANSFERENCE PROJECT,
GOOD RESPONSE MADE. (Received 11 a.m.) MELBOURNE, This Day. No reply has been received from the Commonwealth Bank Board to a letter sent by the Federal Loan Council set-, ting out the cash requirements of the various States and the Commonwealth for August. Consequently the council is unable to disperse. The conversion of £27,000,000 by the State Savings Bank of Victoria has helped to swell the total in the conversion loan to more than £200,000,000. The New Zealand Insurance Company has converted holdings of £434,300.
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Bibliographic details
Northern Advocate, 14 August 1931, Page 5
Word Count
90FEDERAL FINANCE Northern Advocate, 14 August 1931, Page 5
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