INTEREST DEFAULT

Hokitika Guardian, 15 March 1932, Page 6

INTEREST DEFAULT

A LAST APPEAL TO -MR LANG. federal action diverted. Australian Press Association.) (Received this day at 11.15 a.m.) CANBERRA, March 16. A last appeal to Mr Lang to remit the interest, in which he is defaulting, standing at £830,000, is made in a letter posted to him by Mr Lyons. Though Parliament meets to-day, the proposed resolutions under Section -6 of the Financial Agreement Enforcement f ActjAdeclaring the urgency of payment, will not be introduced until Wednesday, presumably to allow time for Mr Lang to take advantage of this final opportunity for voluntary settlement. Mr Lyons received Mr Lang’s telegram, beseeching the Commonwealth Government to withhold any action until the IHigh Court decided the legality of the Act. Mr Lyons refused to make any comment. AUSTRALIA N UXEM PLOY ED. •SYDNEY, March 15. Mr Lang has received an invitation from Mr Lyons inviting the New South Wales Government’s concurrence in the proposed conference to discuss unemployment problems. The Prime Minister announced in his letter that the conference would be held at /Melbourne on April 12th, and a special committee is to be appointed immediately to make suggestions aim recommendations. A meeting of the Loan Council is to be called 1 for the same date.