AUSTRALIAN FINANCE
CONFERENCE AT CANBERRA BANKERS AND POLITICIANS (United Press Association.) • (By Electric Telegraph—Copyright.) CANBERRA, January 15. The unexpected arrival at Canberra of the chairman of the Commonwealth Bank Board (Sir Robert Gibson) and the Governor of the bank (Mr Riddle) resulted in hasty cancellation of the Cabinet meeting and a conference of the leaders of the Government —Mr J. A. Lyons, Mr J. G. Latham, and Mr Stanley Bruce. They met Sir Robert Gibson and Mr Riddle, and for some hours traversed the whole of the Commonwealth’s finances. It is understood that particular attention was paid to the financial situation in New South Wales. INTEREST PAID TO AMERICA. LONDON, January 14. The Commonwealth remitted to New York 1,850,000 dollars, interest due on January 15 on the 75,000,000 dollars 1925 Commonwealth loan. The dollars bought London current exchange whereby the pound is worth 14s, in addition to which the Commonwealth lost 25 per cent, on Australian exchange.
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Otago Daily Times, Issue 21544, 16 January 1932, Page 11
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157AUSTRALIAN FINANCE Otago Daily Times, Issue 21544, 16 January 1932, Page 11
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