AUSTRALIAN PREMIERS
CONFERENCE RESUMED A STATEMENT ISSUED. SYDNEY, July 4. (Received July 5, at 0.30 a.m.) The Premiers Conference resumed its deliberations in Sydney to-day. A statement issued to-night intimated that the conference will ask the Commonwealth Bank Board to make available £17,000,000, £10,000,000 of which would cover the deficits, while the remaining £7,000,000 would be used for works for the absorption of the unemployed. The question of floating an internal loan, also, to provide work for the unemployed had been referred to a committee of Treasury officials for a report. The Prime Minister (Mr J. A. Lyons) announced that the Federal Government contemplated no interference by the Government with exchange, as it regarded it as an economic and not a political matter, which would continue to be handled by the Commonwealth Bank.
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Bibliographic details
Otago Daily Times, Issue 21688, 5 July 1932, Page 7
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133AUSTRALIAN PREMIERS Otago Daily Times, Issue 21688, 5 July 1932, Page 7
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