LOANS.

Dominion, Volume 4, Issue 1049, 11 February 1911, Page 5

LOANS.

■ —-—♦— POSITION OF NEW SOUTH WALES. "'FEELING THE FINANCIAL ' . PINCH." Bj Tclesraph-PreES As3oclaUon-CoDrrig-ht. ■■■•.'.-,! . Sydney, February 10. Reforring to' tho cablegram from London stating.that Australia intended borrowing £27,000,000, Mr. Carmichacl, Assistant Minister to tho Treasurer, doclarcd that Now South Wales did not contemplate early borrowing in the London market. • Money was flowing freely into tho Treasury from local sources. Mr. - MacDoniioil, Chief' Secretary, holds a different view from the.t of Mr, Carmichael regarding finances. Ho' told a deputation that asked'for a country hospital that ,tho Government was feeling tho' financial pinch, and that inoro .money-would have to bo raised. Ho referred to taxation, such as stamp duties and charge's on tho transfers of cheques, remitted by tho previous Government, Which, did not anticipate losing a million v and a quarter annually in Customs and excise reVenue. • The present Government could do with that taxation. • ' . A TASMANIAN LOAN: '?'-. \ >• • Hobart, February 10. Tasmania will take a loan of £100,000 to ■ £200,000 for public, works from- the' Federal Government. ■; ,' ■■■ ISSUE OF INSCRIBED'STOCK. (Rec. February 10, 8.5 p.m.)/ Sydnoy, Fcbmary 10. ■ A/special meeting of tho Execiitivo Council approved of the. issuo loca'ilj of a million's worth of inscribed stock at 3} per cent., of which tho Commonwealth Government takes £700,000, with tho option of taking tho balance before the end of tho month. '.' ■. . ' ''■'■•■•.