TRADE'AH FINANCE

Dominion, Volume 7, Issue 2229, 15 August 1914, Page 7

TRADE'AH FINANCE

AUSTRALIAN ARRANGEMENTS GOLD AND NOTE ISSUE (Eec. August 15, 0.65, a.m.) ■ Melbourne,; August 14. The conference held by Mr. Cook, Prime Minister, Mr. Fisher, Leader of the Opposition,. and the State Premiers, to deal with the financial position arising out of the war, arrived at an arrangement by wliioh the State Governments will Teoeive all the paper currency they may require upon depositing 25 per cent, of the value in fold with the Federal Treasury, and paying 4 per cent, interest on the balance. It was also arranged that financial institutions should receive all the notes they require on depositing 33 l-3rd % pur cent, of the value in gold, and paying bank interest on the balance.' ALLEGED, OVERCHARGING. COMPLAINTS IN SYDNEY. - (E«c. August 14,' 3.30 p.m.) Sydney, August J4. There is an outcry against some conir inercial houses for allegedly adding 10 per centum for war risks to tho pries of gcbds, whereas the actual war risk is 3 per cent. ■ The Government ha.*, taken over vm(. oua steamers at, trospshipe.

A WELCOME RELIEF. NEW FINANCIAL ARRANGEMENTS. London, August 13. The Government's financial arrangomonts are a welcome relief to commerce generally, and' will enable the payment of dividends, which some companies liad been holding after war was declared, ARGENTINE BANKS REOPEN. Buenos Ayres, August 12. The banks have Teopened. GERMAN BANKS v IN BRITAIN. London, August 13. The Government has authorised the German banks to ■ reopen to complete transactions initiated before August 5. Afterwards the bants will discontinue operations.—"Times" and Sydney "Sun" Services.) /THE BALTIC EXCHANGE. London, August 13. The directors of the Baltic Exchange, which deals mostly, with Russian and Swedish product, will not allow Germans to enter. ''LARGE EXPORTS FROM DENMARK. Copenhagen, August 12. Large quantities of goods are being exported to both combatants.