DISCUSSING DEFICITS
(Press. Assn.—
CONFERENCE WITH BANKS i J
-By Telegraph— Copyright). (
CANBERRA, Friday. ] The Premiers' Conference ross ' late last night after a protracted sit- j ting, dux'ing which the estimated Budget deficits for the xxext financial year i were discussed and exaxxxined with a 1 view to making substantial reduc- , tions. ! 1 Mr. J. A. Lyons (the F'ederal Prime ; Minister) stated a tentative figure s had heen arrived at, hut it could not be disclosed as it was iixtended to hold a confereixce with tlxe Commonwealth Bank and trading baxxks in ; Sydney on Monday or Tuesday. It is officially anounesd that of | £4,500,000 worth of Treasury Bills | xxxaturing with the Westminister Bank j in Londoix tc-day £4,250,000 worth j have beeix renewed for three xxionths j at 41 per cent., the existing rate of J iixterest.
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https://paperspast.natlib.govt.nz/newspapers/RMPOST19320702.2.34.2
Bibliographic details
Rotorua Morning Post, Volume 2, Issue 265, 2 July 1932, Page 5
Word Count
137DISCUSSING DEFICITS Rotorua Morning Post, Volume 2, Issue 265, 2 July 1932, Page 5
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