COMMONWEALTH AND STATES.
FINANCIAL RELATIONS. TJaiU-d Press Association—By EJectrio Telegraph—Copyright. (Received June Ist. 11.25 p.m.) SYDNEY, Juno 1. In the House of Representatives Sir Wm. Lyne stated that, even if the Surplus Revenue Bill did not pass the Commonwealth would not pay the IStates three-fourths of tho revenue balances for June. The sum. of £26X1,000 was required for naval defence, and £222,000 for old age pensions. Tho intention was to transfer "the Jun© balances to a -"rust Fund towards meeting these charges. By tho end of the year the States would have received £261,000 above the three-fourths whereto they were entitled.
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Bibliographic details
Press, Volume LXIV, Issue 13131, 2 June 1908, Page 7
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101COMMONWEALTH AND STATES. Press, Volume LXIV, Issue 13131, 2 June 1908, Page 7
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