AUSTRALIAN FINANCES
Melbourne, May 10. Senator W. Massy Greene, chairman of the Loan Council, has announced that the Commonwealth Bank proposes to discount Treasury bills from June 1 at 1\ per cent., which represents a further reduction of ] per cent, in the discount rate. The rate has been progressively reduced since July, 1031, from G to 21 per cent. The latest reduction will mean a saving to various Governments of £130,000.
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Bibliographic details
Stratford Evening Post, Volume II, Issue 240, 11 May 1933, Page 6
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71AUSTRALIAN FINANCES Stratford Evening Post, Volume II, Issue 240, 11 May 1933, Page 6
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