APPEAL TO LOAN COUNCIL
N.S.W. SEEKS £3,400,000 LOAN. DENIAL BY THE TREASURY. By Telegraph—Press Assn. —Copyright. , i Sydney, March 9. The Telegraph states that the New South Wales Government has approached the Loan Council for £3,400,000 accommodation to tide the State over the remainder of the financial year. This is approximately the amount by which the deficit for 1931-32 is expected to exceed the minimum allowed by the Premiers’ Conference rehabilitation plan, which seeks a Budget equilibrium by 1933-34. If the money is not forthcoming further defaults in interest payments are said to be inevitable.' . 1 A later message denies that New South Wales has approached the Loan Council for a loan. ’
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Taranaki Daily News, 10 March 1932, Page 9
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112APPEAL TO LOAN COUNCIL Taranaki Daily News, 10 March 1932, Page 9
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