LOAN FOR AUSTRALIA
BANKS DEMAND HIGHER INTEREST. United Press Association—By Electrlo Telegraph—Copyright SYDNEY, October 28. The Melbourne correspondent of | “The Sydney Morning Herald” says i that the Premiers' Conference de- ; dared itself in favour of an im- j mediate internal loan of £8.000.000. j the issue to be at par. bearing a rate of , interest of £3/15/- per cent., with a currency of ten years. A deadlock was reached when the i Commonwealth Bank intimated that it would not underwrite the loan at less * than 4 per cent. Ultimately the Conference sug- ; gested that Sir Robert Gibson should j convene a conference of the trading 1 Banks of Victoria and New South ; Wales to review the whole problem.
Sir Robert Gibson informed the Con ference that he was prepared to di
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19326, 29 October 1932, Page 2
Word Count
131LOAN FOR AUSTRALIA Timaru Herald, Volume CXXXVII, Issue 19326, 29 October 1932, Page 2
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