N.S.W. ELECTIONS.

Waikato Times, Volume 108, Issue 18166, 3 November 1930, Page 6

N.S.W. ELECTIONS.

LABOUR LEAD OF 19. ONE RESULT TO COME. PRESENT STATE OP PARTIES. United Press Assn.—Elec. Tel. Copyright. (Received November 3, 1.5 p.m.) SYDNEY, November 3. ' The counting of the preference votes is being continued, and another doubtful seat has been decided. Young goes to Mr Martin (Labour). « The final count at Dubbo shows that Mr McLelland (Labour) defeated Hon.; H. V. C. Thorby, Minister of Agriculture. Mr Keast (Labour) . gained Ashburnham from the Nationalists. Casino, which at first was credited to Mr Vincent (Country Party), has now gone to Mr J. T. Reid, of the same parly. The only result outstanding is Murray, where the Labour candidate is leading. The state of parties at pre- . sent is:— Labour 54 Nationalist 23 Country Party 12 Doubtful 1 RUMOURS OF A LOAN. DISCREDITED IN NEW YORK. ' United Press Assn.—Elec. Tel. Copyright. NEW YORK, October 31. . j Wall Street circles read with interest the London Daily Mail’s despatch • from Sydney and republished in New l York, stating that . American trading " banks had offered the New South Wales Government £50,000,000 at 6£ per cent, interest. However , they treated the statement with consider- . 'able scepticism, particularly, the phrase in which the banks were alleged /to be ready to make the concession of a large loan for the right to 1 do business in Australia. One of the leading financial ' figures .in America stated to-day that any talk S>. ;of an American loan, no matter of ?. ‘what size, would be premature until ; Australia had put her financial house • ' in order. There was little likelihood. ; he said, of American trading banks entering upon any deal which would involve the granting of a. loan for l ' business concessions in return.