INTERNAL INTEREST
(Press Assn.-
NEW SOUTH WALES WILL NOT MAKE PAYMENT DUE TO-DAY legislative plans delayed
-By Telegraph — Copv right.)
Rec. May 1, 5.0 p.m. SYDNEY, .Sunday. It is announced in political cireles that New South Wale& intends to default to the extent of £200,000 for1 inr ternal interest falling due on May 1. The Sydney Morning Herald says that in view of the latest developments in the financial dispute between the Commonwealth and the State it seems that the Lang Ministry has changed its plans. ilt is now. probable that the Bill to amend the Audit Act and validate the breaches will not be brought down during the Parliamentary sittings next week. Drastic financial measures will also he delayed. Opinion in Commonwealth circles is that within a week the Lang Government will be entirely without resources. Some fears are expressed that the situation may provoke disturbances in Sydney on May Day. The situation is being closely watched from Ganberra.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 212, 2 May 1932, Page 5
Word Count
160INTERNAL INTEREST Rotorua Morning Post, Volume 2, Issue 212, 2 May 1932, Page 5
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