FEDERAL FINANCE.

Dominion, Volume 2, Issue 586, 14 August 1909, Page 5

FEDERAL FINANCE.

A SEVENTH BORROWER IN AUSTRALIA. RELATIONS WITH STATES. EXTRA TAXATION - MAY COME LATER. (lly Telegraph.—Press Association.— Copyright.! Sydney, August 13. The "Sydney Mornjng Herald," in its editorial comments oil Sir John Forrest's Budget, doals Warily with the difficult financial 'situation. V."There- is no proposal for. extra taxation," says the "but that may come later. The Treasurer could have balanced his estimates by-a tax on < tea. ■ - i"By the 'issue of Treasury bills, a loan policy may bo said to ■ have been, inaugurated.- The Budget is but , preliminary to a-larger Budget, which may be said to depend on tho Premiers' -Conference.!': The "Daily Telegraph" says the Budget contains, matter •;for some: very - hard thinking by. both the Federal and-State Legislatures; Tlie form which the Budget will finally tako will; depend -on how the .' proposed readjustments of, the..financial relations between the j Statos and the Commonwealth are vier.'ed : by the. Premiers' Conference. ' 'V COMMONWEALTH AND THE STATES. PREMIERS' CONFERENCE- - • ■ COUNTRY AWAITING A FINANCIAL i;:/.;;:.: • settlement.(Reo: August 14, 11.15 a.m.) Melbourne, August 13. The.. Stato . Governos,- - Sir „ Gibson-Car-inidhael,, opened the. Premiers' Conference. . • ■ The Governor's' sjieech,"' and those of Mr. Wade (Premier .of New South'. Wales) and Mr. Kidstbn : (Premier- of , Queensland)dwelt on tlio. importance -of . the Conference's ■ de- : libetatibiis, in, view of : the. fact . that v the-, whole of, Australia.was a settlement of the financial problem." '. ' : :- - ! -Mr^.'SltirrayV(Premier of; 'Victoria) was elected Presidentl After tho opening cere-:, monies, .' the., Coiiferehcb deliberated in 'pri-. vat'e. r ; v " ;T , ' PARLIAMENT AWAITS DECISION. (Rec. August 13, 11.55 p.m.)• Melbourno, August 13. The House of Representatives, aftor a short discussion of tho Budget, adjourned tho dc;bate. - ' ; The House adjourned till; August,2,s to enable Mr. Doakin to attend th 6 Premiers' Conference. . , . The -Senate' similarly adjourned, / : /