AUSTRALIAN BANKERS
CONFERENCE WITH GOVERNMENT. FINANCIAL POSITION REVIEWED. (United Press Assn.—By 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 E. C. Riddle, resulted in the hasty cancellation of a Cabinet meeting and a conference of the leaders of the Government, Messrs J. A. Lyons, J. G. Latham, and S. M. Bruce. They met. Sir Robert Gibson and Mr Riddle, and for some hours traversed the whole of the Commonwealth finances. It is understood particular attention was paid to the financial situation in New South Wales. INTEREST INSTALMENT SUM REMITTED TO NEW YORK. London, January 14. The Commonwealth has remitted to New York 1,850,000 dollars, being interest due on January 15 on the 75,000,000 dollars 1925 Commonwealth loan. The dollars were bought in London at the current rate of* exchange whereby the £ is worth 14/—, in addition to which the Commonwealth lost the 25 per cent. Australian exchange.
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Southland Times, Issue 21604, 16 January 1932, Page 5
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166AUSTRALIAN BANKERS Southland Times, Issue 21604, 16 January 1932, Page 5
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