FEDERAL LOCAL LOAN
PUBLIC WORKS AND FUNDING
;: V;.-. ■'■''-■■ ■■■■■-.■STDNET/-May-28!-:'i...' From the" £12,000j000 loan which the Federal Government is 'about 'to raise on -the local market/ it is under-1 stood that £3,500,000 will be us«d to' fund Treasury 1)1113, leaving £8,500,000 for public works. 'This means that from ' about? £39,000,000 borrowed by the i Commonwealth in the past eighteen months £12,500,000 will be used for the retirement ■of Treasury bills and the remaining £26,500,000 will be used for State works programmes. . . • :■
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Bibliographic details
Evening Post, Volume CXVII, Issue 125, 29 May 1934, Page 7
Word Count
105FEDERAL LOCAL LOAN Evening Post, Volume CXVII, Issue 125, 29 May 1934, Page 7
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