PREMIERS MEET
AUSTRALIAN STATE FINANCES. INTERNAL LOAN DISCUSSED. (Australinn Press Association; MELBOURNE, October 25. The Premiers’ Conference began with a definite assurance from each Premier that his Government was living un to the assurances given at the last conference, with regard to budgetary deficits. It was made apparent that the stipulated total deficit of nine million pounds will not be exceeded and may possibly be a million less. The impression created at the conference was that the budgetary position was exceedingly satisfactory, and in this favourable atmosphere the conference proceeded to discuss the j means of obtaining financial accommodation needed to carry the Governments through the remainder of the present financial year. It is learned that the question of raising an internal loan of twenty million pounds was discussed. INTEREST RATE REDUCTION. SYDNEY, October 25. The ‘{Herald’s” Melbourne correspondent’ says: It is understood that the- banks have agreed, as from No* .vember 2V, to a reduction from 4 per cent, to | per cent, in the rate of interest paid on Commonwealth Treasury Bills. This action should prepare the wav for further reduction in fixed
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Hokitika Guardian, 26 October 1932, Page 5
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184PREMIERS MEET Hokitika Guardian, 26 October 1932, Page 5
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