AUSTRALIA.
FOOD FOR ENGLAND
COPING WITH THE GOLD
SHORTAGE.
(Received August loth, 12.53 a.m.) SYDNEY. August 14.
Tho Chamber of Commerce has initiated a War Food Fund. It is proposed to send a shipment of food Home weekly if possible. Already there are six thousand contributions.
MELBOURNE, August. 14
A conference betweon Mr Cook, Mr Fisher, and tho Stato Premiers, to coal with tho financial position arising out of tho war, arrived at an arrangeixient whereby tho Stato Governments Till recei <.-a all the paper cur~ency they requiro upon depositing 23 per cent, of its value in gold with the Federal Tresury, the States paying 4 per cent, interest on the balance. It woe also arranged that financial institutions sluuld receive a 1! the notes they reduiro on -lopositing 33 l-3rd per cent, of the valuo of tho gold and paying the (VramoiJwealth Bank interest on the balance.
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Press, Volume L, Issue 15047, 15 August 1914, Page 11
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148AUSTRALIA. Press, Volume L, Issue 15047, 15 August 1914, Page 11
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