EXPLANATION BY MR DEAKIN.
(Received May 6£h. 11.35 pjn.)
'MELBOUBKEI, May G.
Jlr Deakrn attended tie Premiere' conference, and answered a number of questions explanatory of the financial proposals. '"He said the powers of the proposed Council of Finance were strictly limited to technical control, and it only 'had the ultimate d>ecisiom vrhen the State Treasurers could not agree among themselves. Mr Deakin did not tJiink that the financial scheme would cause any Hardship to individual States or tWke borrowing more difficnlt by placing big loane instead of rndiyidiual State loans. Tbe Finance Council wouM regulate the placing of loans to the best advantage.
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Press, Volume LXIV, Issue 13109, 7 May 1908, Page 7
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104EXPLANATION BY MR DEAKIN. Press, Volume LXIV, Issue 13109, 7 May 1908, Page 7
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