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AUSTRALIA
The Commonwealth was saved from financial shipwreck last week when the $140,000,000 conversion loan; needed to straighten out tangled finances (TIME, Sept. 17, et ante), was oversubscribed by $8,750,000 by 117,000 subscribers. The treasury proudly announced that 103,000 subscribers had sent $95,000,000 in cash or checks. Said J. E. Fenton, Acting Prime Minister in the absence of James Henry Scullin (on his way back from the Imperial Conference at London): "I am very hopeful that if we continue to pull together we will soon find come out of the black cloud of depression and enjoy the...
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