[?]EFAULTED INTEREST

Rotorua Morning Post, Volume 1, Issue 174, 16 March 1932, Page 5

[?]EFAULTED INTEREST

1R. LYONS GIVES MR. LANG OPPORTUNlTY TO MAKE " !PAY|WENT — * I ,, 'PLlCATIpN OF ACT DELAYED Relations between the Australian Comnjonwealth' Goverriment and the State Government o| New South Wales are rapidly approaching a crisis. The Federal Prime Minister, Mr. J. "A. liyons, has written to Mr. J. "I=. Lang, Premier of New South Wales, makjng a Jast appeai for the payment of interest in default, amounting to £830,000, befpre invoking th'e prov.isions of the new Financial Agreeiment Enforcement 'Act., Mr Lang, on the other hand, has * announced his intention to test the consiitutionality of the new Act in the Court. He WiII also ask the Court for an injunction restraining the ' Federal Government fi-om putting the measure into operation. ress Assn. — By Telegraph — Copyrlght.) CANBERRA, Tuesday. A last appeai to Mr. Lang to remit e interest in the payment of which. defauffed, standing; at £830,000, made in' a letter posted to him hy Lyons. ■' Though Parliament will meet tojr the proposed resolutions under ction VI. of the Financial Agree>nt Enforcement Act, declaring urncy of payment, will riot he introced until Wednesday, presumably allow time for Mr. Lang to take vantage of the final opportnnity r a voluntary settlement. Mr. Lyons has received Mr. Lang's legram, beseeching the ' Commonlalth Government to withhold any tion until the High Court has deled the legality of the Act. Mr. 'ons refused to make any comment.