NEW LOAN FOR AUSTRALIA
MONEY SOUGHT LOCALITY EFFECT OF LONDON ATTITUDE MEETING FEDERAL DEFICIT By Telegraph—Press Assn. Copyright. Rec. 10.30 p.m. Canberra, June 12. A statement by the Loan Council emphasises the impossibility 'of raising loans for Australia in London, at least before next December; hence a decision to raise £10,000,000 on the local market at 6 per cent. The accounts for the Commonwealth and State Governments for the current financial year disclose a deficit of approximately £9,000,000. Loan expenditure, which last financial year amounted to £-14,000,000, has been cut down to £-24,000,000.
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Bibliographic details
Taranaki Daily News, 13 June 1930, Page 9
Word Count
93NEW LOAN FOR AUSTRALIA Taranaki Daily News, 13 June 1930, Page 9
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