PLAN TO RELEASE CREDITS
‘TAMPERING WITH CURRENCY’
COMMONWEALTH BANK'S - CAUTION.
CONFERENCE REALISES DANGERS.
By Telegraph—lress Ree. 8 p.m. Melbourne, Dec, 2,
The conference between the Federal Cabinet and the board of directors of the Commonwealth Bank on. the release of credits, which is advocated by the Australian Council of Trades Unions, has been postponed indefinitely to enable the bank board thoroughly to investigate the many problems raised by the Federal Ministers yesterday. The board feels that owing to the delicate and intricate nature of the Labour scheme it could not hurriedly make a pronouncement, . Most Federal Ministers like the bank board appreciate the ditnger of pampering the . currency, the view being held that it would be likely to harass. the process of national reconstruction.
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Bibliographic details
Taranaki Daily News, 3 December 1930, Page 9
Word Count
124PLAN TO RELEASE CREDITS Taranaki Daily News, 3 December 1930, Page 9
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