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Lang Plan Crisis Deepens Over NSW Debt Talks
The Premier Lang faces severe funds pinch as the Loan Council demands NSW rejoin and assume overseas debts, with Lang Plan clauses on interest suspensions and repayment tied to Britain and America’s debt handling. NSW Savings Bank relief funding and Commonwealth Bank takeovers loom, cabinet inconclusive as negotiations stall.
MENTIONED IN THIS ARTICLE
Loan Council
N.S.W
Melbourne
A.L.P. Lang
Lang
Britain
Australia
America
Scullin
Ivy
Commonwealth, Bank Board
Wealth Treasurer
Commonwealth Bank Act
South Wales
Tam
Commonwealth Bank Board
Acces
New South Wales Savings Bank
Lanw
Robert Gibson
Tang
Federal Labor Party
Government Savings Bank