Complex sentence: Westhaven raised a Swiss Franc loan valued at $1,034,000 through the Rural and Industries Bank of Western Australia to finance property purchases and in early 1977 defaulted, triggering a financial collapse of the Tom the Cheap family companies.
Split into simpler sentences: Westhaven raised a Swiss Franc loan through the Rural and Industries Bank of Western Australia to finance property purchases. In early 1977, the company defaulted on repayment of the loan, valued at $1,034,000, which triggered a financial collapse of the Tom the Cheap family companies.