N.S.W. PAYS UP
(Press Assn.-
DEBT TO FEDERATION STATE'S INTEREST BILL MET "SINCE THE REVOLUTIQN" LEGAL ACTION STOPPED
-By Telegraph — Copyright.)
Rec. Oct. 7, 9.40 p.m. CANBERRA, Wednesday. Mr. E. G. Theodore, the Federal Treasurer, announced in the House of Representatives that the New South Wales Government is meeting its interest payments fully as they fall due and the action instituted by the Commonwealth for the recovery of the former indebtedness has been discontinued. The whole amount due by New South Wales is £4,559,434. New South Wales has discounted Treasury bills to provide this
amount and has paid the proceeds to the Commonwealth. Mr. J. G. Latham, DeputyLeader of the Opposition, interjected: "So Mr. Lang has climbed down." Mr. Maxwell, another Oppositionist, remarked: "Yes, since the revolution."
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 39, 8 October 1931, Page 3
Word Count
127N.S.W. PAYS UP Rotorua Morning Post, Volume 1, Issue 39, 8 October 1931, Page 3
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