AUSTRALIA'S NATIONAL DEBT.
JINKING FUND COMMISSIONERS,
(BT CABLS—PBBSS ASSOCIATIOir—COJTMOHT.; (AUBT*ALIAH AHD U.K. CABLB ASOOCIATIOH.J MELBOURNE, July 4. The House of Eepresentatives further discussed the Sinking Fund Bill, which proposes that the Sinking Fund shall be administered by a commission consisting of the Commonwealth Treasurer, the Chief Justice of the High Court, the Governor of the Commonwealth Bank, and the Solicitor General without fees. Such a commission, it was claimed, would prevent the fund being used by improvident Ministers. [ls, the House of Eepresentatives •ast Friday, the Treasurer, in moving the second reading of the National Debt Sinking Fund Bill, explained that the debt stood at £412,000,000 sterling, of which £364,000,000 represented war indebtedness. - It was proposed to extinguish'this in fifty years oy annual contributions of £1,500,000 from the consolidated revenue, half, of the profits of the Commonwealth Bank, and from other sources.]
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19230705.2.110
Bibliographic details
Press, Volume LIX, Issue 17807, 5 July 1923, Page 14
Word Count
142AUSTRALIA'S NATIONAL DEBT. Press, Volume LIX, Issue 17807, 5 July 1923, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in