PREMIERS' CONFERENCE.
MR. FISHER'S BANK SCHEME. REJECTED BY THE PREMIERS. By Cable—Press Association-^Copyright. Received 22, 10 p.m.*^ Melbourne, January .22. The Premiers' Conference resolved that it was unable to accept Mr. Fisher's Commonwealth Bank scheme, and adopted the following proposal in lieu thereof: That in consideration of the Commonwealth Bank refraining from entering the savings bank business, the States agree to supply, on loan to the Commonwealth Bank, a monthly amount equal to 23 per cent, increase in excess of deposits over withdrawals of the State Savings Bank, to operate from the Ist of the present month, for a period of five years. Mr. Watt (Victoria) was the only dissentient.
STATES AND COMM OX WEALTH. Received 23, 1.5 a.m. Melbourne, January 22. The Premiers' Conference has not finished the discussion on Mr. Holman's proposals for the transfer of State powers.
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Taranaki Daily News, Volume LIV, Issue 175, 23 January 1912, Page 5
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140PREMIERS' CONFERENCE. Taranaki Daily News, Volume LIV, Issue 175, 23 January 1912, Page 5
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