Australia Lends A$160 Million To NSW For James Hardie Asbestos Claims
07 12월 2010 - 8:37AM
Dow Jones News
Australia has lent up to A$160 million to New South Wales state
to provide potential compensation to asbestos victims amid concerns
James Hardie Industries SE's (JHX.AU) ability to make payments will
be hampered by a U.S. housing market downturn.
Prime Minister Julia Gillard said the loan, to be paid back to
the federal government, will be matched with an equal level of
contributions by the New South Wales government.
"We are giving certainty to James Hardie asbestos victims that
there are funds available to meet their claims," Gillard said.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com
James Hardie Industries (ASX:JHX)
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