AUSTRALIAN NEWS
DROP IN STOCKS. (Australian Press Association.) (Received this day at 10.15 a.m.) .SYDNEY, May 28. As a result of the Premier's proposal to reduce interest rates on all internal loans, in an effort to rehabilitate the country’s fina ices, tilt* Commonwealth Government seefirities a t -e .substantially lower on the Stock exchange. Long dated loans suffered piincipally. six per cents, maturing 1937 and 1938 tailing 52/6 and 32/6 respectively. Altogether nine loans registered sharp losses.
FLOOD WARNING
IN X.S.W
SYDNEY, May 28
A warning of floods, which are expected on the central coast and inland rivers, was issued by the Weather Bureau. Heavy rains have been experienced in most parts of the .State and low-lying areas of Newcastle district have been menaced.
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Hokitika Guardian, 28 May 1931, Page 5
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124AUSTRALIAN NEWS Hokitika Guardian, 28 May 1931, Page 5
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