FURTHER DEFAULT EXPECTED IN APRIL INTEREST PAYMENT
(P^oss Assn. — j
EARLY CRISIS POSSIBLE
3y Telegrauh— Cnpyright).
Rec. Mar. 29, 9.10 fi.hi. SYDNEY, Tuesday, The Sun says that if the High Court upholds the Finantiai Agreement Enforcenient Act, the Lahg Government will face the greatest financial crisis in its stormy daireer., , Eor the April intere'st, £1,000,000 plus excliange, falls due this weekend, and default in payment is considered inevitahle. The Sun's Canberra correspondent says that should the Federal Governmbnt decide oh immediate action, i will be ftossible to issud an attachmen proclamatiori under the Enforcement Act within an hour br two of the High Court's decision. There are suffifcient Cabinet Minifetets in Melbourne to bonstitute an Executire Counjtil i,over Which Sir William , Irvirte, as depfity fbr thq Governor-General (Sir Isaac Isaacs) will preside.
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 185, 30 March 1932, Page 5
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132FURTHER DEFAULT EXPECTED IN APRIL INTEREST PAYMENT Rotorua Morning Post, Volume 1, Issue 185, 30 March 1932, Page 5
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