Lang Plan Faces Looming Default Crisis In NSW
The Lang government seeks loans to cover 800000 pounds in interest on state debentures amid Loan Council aid. Theodore of Canberra authorizes limited Commonwealth Bank support to NSW, but critics warn repudiation and ongoing bank reluctance threaten salaries and financial stability. Debate centers on whether the Loan Council will sustain NSW through forthcoming payments and broader financial distress across Australia.
MENTIONED IN THIS ARTICLE
Lang
Commonwealth
Theodore
Canberra
Commonwealth Bank
Lown Council
N.S.W
Ian
Gosling
Anstey
N.8.w. Labor Movement
N.8.w
Scullin
Labor
South Australia
Mr. Hill
Australia
America
S.W
Tang
Mount
Loan Council
Ns.w
Iis
New South Wales
Grant
Tas
Savings Banka
Tasmania
Sugvens
Mr. Scallin
Jang
Counciler legal debate over valuations and wage cuts
Cockburn Shire Council sought legal guidance on rating and valuations amid calls to cut valuations. The 1929 valuation, in force from January 1, 1990, could be altered only for errors. reductions required evidence. A valuer risking uniform cuts without proper value could face a £50 penalty. The council cannot adjust this year’s rate. notices have been issued. Alterations to rate books allowed only for errors. appeals to the Court required for any valuation reduction. A heated exchange between Lang and Moore over wages and interest ended with a carried motion.
MENTIONED IN THIS ARTICLE
Cockburn
Lang
Mr Moore
Mr Lang
James Mitchell
W.A
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McMurray
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Phelan
A! McDonald
Por Attungs Farrell
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Blanch
Donald A. Tuckon
White Wy. Barrell
Menald — Cleave
A. White
Rewlaed
White
Be Mess, Phelan
Jackson
Donald
Pallegter
AG. M. Roberts
Cyril Berry
Ors
A. McDonald
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C. Berry
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Ern. Gallagher
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Wool
Belties
Lee
Wales
Cliftons Limited
MSW
Tooth's
Tooth & CO. Limited
Kant Brewery
Sydney
Alten Richmond Methood
Pespimietars Manilla
Manilla Stree
ALP
Longreach
Queensland
Queensland Shearers
A. Adie
Goupland
Yorkshire Life and Fire Insurance
Valuatia
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Manilla District
Atains
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Mechanic's Institute
Show Society Farmers and Grasier’s Associations
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