MORATORIUM WANTED
LANG CABLES WILLIS
TO SEE BONDHOLDERS
MELBOTJENE. 2nd February.
When the Loan Council met to-day the Premier of New South Wales,.Mr. J. T. Lang, announced that a cablegram had been sent to tho State's AgentGeneral in London, Mr. A. C. Willis, informing him of the State's default and requesting him to negotiate, with the bondholders for a moratorium.
The Prime Minister declared that Lang's action in seeking a suspension" of interest payments overseas was totally opposed to the Commonwealth's policy. The recent elections also had shown how entirely contrary to public sentiment in Australia was such an appeal. .
The matter is beingofficially considered by the Loan Council to-night.
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Bibliographic details
Evening Post, Volume CXIII, Issue 28, 3 February 1932, Page 7
Word Count
110MORATORIUM WANTED Evening Post, Volume CXIII, Issue 28, 3 February 1932, Page 7
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