INTERNAL LOAN
AUSTRALIA’S FINANCES. (United Press Assn.—Telegraph Copyright.) Sydney, October 28. The Herald’s Melbourne correspondent says the Premiers’ Conference declared itself in favour of an immediate internal loan of £8,000,000, the issue to be at par, bearing a rate of interest at £3 15/- per cent, and a currency of ten years. A deadlock was reached when the Commonwealth Bank intimated that it would not underwrite the loan at less than four per cent. Ultimately the conference suggested that Sir Robert Gibson should convene a conference of the trading banks of Victoria and New South Wales to review the whole problem. Sir Robert Gibson informed the conference that he was prepared to do that.
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Bibliographic details
Southland Times, Issue 21850, 29 October 1932, Page 5
Word Count
114INTERNAL LOAN Southland Times, Issue 21850, 29 October 1932, Page 5
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