FEDERAL FINANCE
N.S.W. DEFAULT. (Australian Press Association.) (SYDNEY, March 30. According to the “Sun/’ the Federal Cabinet to-day entrusted to the Prime Minister (Mr Scullin) and the Treasurer (Mr Theodore), the finalisation of the Commonwealth Government’s decision on the default issue. Mr Scullin has not disclosed li is precise line of action towards the New South Wales Government: but it is understood that the Federal Ministry admits there are moral, if not legal obligations to meet the State commitments next Wednesday in the event of Mr Lang defaulting. BRITISH VIEWS. (United Press Association—By Electric Telegraph.—Copyright.] (■Received this day at 8 a..m.) LONDON, March 30. The “Financial Times” which displays Mr Lyons’s appeal, says among the arresting features of the Australian situation, none is more marked than the frequent reiteration of confidence in the future of the Dominion. A most prominent hanker roundly declared he refused to believe that the people of the Commonwealth would countenance or condone any failure to meet the obligations. A leading business man said he was buying Australian securities in London.
Financial circles reveal the same belief and are more than ready to help Australia. The rally to' Australian securities on Friday tokened a. recovery of faith. Mr Lyons’s call to sanity should be of first importance.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19310331.2.62
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 31 March 1931, Page 6
Word count
Tapeke kupu
211FEDERAL FINANCE Hokitika Guardian, 31 March 1931, Page 6
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in