Second Edition. Great Britain

Stratford Evening Post, Volume XXVII, Issue 44, 22 June 1915, Page 6

Second Edition. Great Britain

IMPERIAL FINANCE. Unhid Phkb* Association. (Received 2 p.m.) London, June 21. Mr McKenna added that we had already issued 2Jo millions of Treasury Bills; There were two objections to the indefinite issue of bills. Firstly, they had the habit of falling due when it might be inconvenient to find the money; secondly, although the distinction might be fine, we had borrowed the bankers’, not, the public’s money. We wanted the money in a way which did not oblige us to repay it during the course of the war. The loan would give this advantage, and also had the effect of assisting foreign exchange.’ Consols had depreciated almost to the point of unsaleability, and the Government was bound to afford relief in the interests of the commercial community. A sudden drop in f. Consols would entail the ruin and bankrupt}- of many, and the State was bound to avert this. : ■ WOUNDED WANT NEWSPAPERS. (Received 1.50 p.m.) London, June 21;

The Australian and New Zealand wounded soldiers fit Cairo say there is a great dearth of Australian newspapers, and they ask their friends to supply 'same. Addrbds: • “Mrs Ghicholo, care of Cook.” N.S.W. NEW ACENT-DENERAL. 1 (Received 1.30 p.m.) London, June 21. Mr B. R. Wise has arrived, and commences "his duties as Ag&nt-Gen-eral of New Sdtfth Wales tomorrow.