PREMIERS’ CONCLAVE.
DEADLOCK ON THE LOAN. RATE OF INTEREBT. TRADING BANKS TO CONFER United Press Assn.—Elec. Tel. Copyright (Received Oct. 28, 10.30 a.m.) SYDNEY, Oct. 28. The Herald’s. Melbourne correspondent says the Premiers’ Conference declared itself In favour of an Immediate Internal loan of £8,000,000, the issue to be at par bearing a rate of interest of £3 15s per cent with a currency of 10 years.
A deadlock was reached when the Commonwealth Bank Intimated that it would not underwrite the loan at less than 4 per cent. Ultimately the conference suggested that Sir Robert Gisbon should oonvene a conference of trading banks In Victoria and New South Wales to review the \Yh|ole problem. Sir Robert Gibson informed the conference that he was prepared to do that.
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Waikato Times, Volume 112, Issue 18778, 28 October 1932, Page 7
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128PREMIERS’ CONCLAVE. Waikato Times, Volume 112, Issue 18778, 28 October 1932, Page 7
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