FEDERALISING STATE DEBTS.
M___BoC_2Jj-, Semeniber in. top Federal Treasurer rSir John Torrest i has prepared an estimate showing the savx_£j which will be enacted by transferring the State debts to the Con__o_weaith by the year li>s_. when the wnoh? "* the existing State Lnans will have matured. The calculation i- ha.cd on the beiier that the Common wealth could float th° ioans at a quarter opt cent better than the State.-. The total amount 07 existing debt= is £23«*-.fi80.000. and in tiie period mentioned th o saving would amount to just under £ 1t*.000.000.
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https://paperspast.natlib.govt.nz/newspapers/AS19060920.2.48
Bibliographic details
Auckland Star, Volume XXXVII, Issue 225, 20 September 1906, Page 5
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92FEDERALISING STATE DEBTS. Auckland Star, Volume XXXVII, Issue 225, 20 September 1906, Page 5
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