Australia.

Stratford Evening Post, Volume XXXX, Issue 60, 6 November 1914, Page 5

Australia.

BRITISH LOAN TO THE STAtE*.

United Press Association.

Melbourne, November 5. The conference of Federal and State Ministers has concluded. .

Mr Fisher subsequently announced that the Commonwealth had engaged to lend New South Wales, Victoria, South Australia, Tasmania, and West Australia money during the twelve months for public works, the money to be raised by making the note issue unconvertible. Queensland does not participate in this borrowing. It is understood that Mr Fisher’s negotiations with the Imperial tihfernment resulted in the latter agreeing to raise eighteen millions, Which will probably bo included in the next British war loan.

Of eighteen millions to be raised, New South Wales receives abdht eight millions, Victoria about font, South Australia and West Australia three each, and Tasmania about' * million. COMMERCIAL. (Received 10.0 a.m.) Melbourne, November 6. Wheat, flour, bran and pollard are quoted at the official prices. Parley (English) 5s 6d, Cape 4s to 4s 2d, oats 3s 6d to 3s 7d, maize 8s ll£d, potatoes £7 to £7 10s.