The Archive · 1940

New Australian Loans Being Floated

Canberra, May 28 It has been decided to float a Commonwealth interest-free Joan £5,000,000 to enable those desirous of doing so to assist inthe war effort, it was announced here today.

new £20,000,000-loan_has been approved by the' Loan Council, It will bear interest at 2% per cent.

It is also announced that the Loan Councit has adopted n plan for coordinated action between the Commonwealth and States to secure the maximum defence effort and to improve employment—Reuter, Principal Commodities Stocks and Debentures ©. 107744001 82 Real Estate veessvevses-s> 42228,000.90, Wel Wah Creat approved Amount Tssued 21,300,500.00 Amount Issuable It is stipulated in article 9 of the regulations governing the extension of Wei Wah credit that "the amount of the credit to be extended in wel wah by the board to. its member-banks [shall not exceed 70 per cent. of the appraised value of the assets deposited fas security." Based on such examination as-we conducted, we are satisfied, that the proportion between the Jamount of the wei wah credit approved for extension to any individual bank and the appraised value of the assets accepted from such individual bank as collateral security as on. the above date does not exceed the Brcnowne yesterday, travellers on the Shanghai-Hangchow railway tine were required {0 possess anti-cholera injection certineates of a recent date in view of the fact that four cases of cholera have been discovered among factory girls at a sible mill. at Pinghu, 25 kilometres east of Kashing fon the railway line, according to Japanese reports,

Text read from the printed page and cleaned; old type leaves the occasional error.

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