TO PREVENT DEFAULT
LOAN COUNCIL TO RESCUE
SYDNEY, 10th February. In order to prevent New South Wales from defaulting in the payment of £831,000 interest due to-day ou the State Government 5J per cent. 1934 bonds, the Loan Council has agreed to back Treasury Bills for £469,000. Thus this State will be able to meet its commitments in a way which emphasises the desperate condition of its finances.
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Bibliographic details
Evening Post, Volume CXI, Issue 35, 11 February 1931, Page 9
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68TO PREVENT DEFAULT Evening Post, Volume CXI, Issue 35, 11 February 1931, Page 9
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