FEDERAL POLITICS.
PAPER CU&RENCY.
United Press Association—By Electric Telegraph Copyright," Received June 27, 10 a.m. MELBOURNE, June 27. The Federal Treasury is preparing for the issue of a Commonwealth paper currency as soon as the neces j sary legislation can be passed. It is j expected that the new system will { operate frum Ist October next. The Government is cabling to England £05,000 as the first instalments ( I towards the cost of Australia's | 1 cruiser-battleship. The feeling in banking circles regarding the proposed Commonwealth note issue is that while they may off-a* objections and point out the risks of the system, the banks must adjust themselves to circumstances The hanks, it is saic", do not place so much importance on the issue as some people imagine, and they will not meet the po3ition in a chary or aggressive spirit.
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https://paperspast.natlib.govt.nz/newspapers/WAG19100628.2.23
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Wairarapa Age, Volume XXXII, Issue 10080, 28 June 1910, Page 5
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139FEDERAL POLITICS. Wairarapa Age, Volume XXXII, Issue 10080, 28 June 1910, Page 5
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