AUSTRALIA'S DEBTS
SCULLIN TELLS THE STORY
COST OF UNEMPLOYMENT
CANBERRA, 18th June.
The Prime Minister, Mr. J. H. Scullin, in' moving the second reading of a Bill to approve of the Premiers' Conference financial agreement, which covors the conversion plan, reviewed the whole history of Australian indebtedness. : . :
1 Ho said that Australia had had no credit in London since September last, and whatever new expenditure i had arisen had been caused by world conditions.
!Por example, the adverse exchange was. costing £10,000,000 a year. The unemployed in Australia now numbered 360,000, and the cost of their sustenance and relief was £9,000,000 a year, while,, if no action wore taken to copo with the drift, this coat would bo swollen to £13,000,000 a year. The debate has not concluded.
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Bibliographic details
Evening Post, Volume CXI, Issue 143, 19 June 1931, Page 7
Word Count
128AUSTRALIA'S DEBTS Evening Post, Volume CXI, Issue 143, 19 June 1931, Page 7
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