NEWS IN BRIEF
MR. THEODORE TO RETIRE. BY CABLE—PEESS ASSOCIATION—COPYRIGHT. Received Dec. 19, 10.25 a.m. . BRISBANE, Dec. 19. Speaking at Townsville,, Mr Theodore announced that he would retire from the Premiership of the State about the beginning of February. A DEPRESSING COMPARISON. SYDNEY, Dec. 19. A depressing comparison of the increase of production in Australia and the constant increase in, State debts was made by the Federal Treasurer (Dr. Page) before his departure for Canada. While, on June 30, 1911, the State debts amounted to £217,750,000, they had increased since to nearly £570,000,000, compared with twelve years’ previously, an increase of more than 100 per cent., while the increase in population was only 22 per cent, during the same period. The value of production had . increased from £188,401,600 to £346,662,000, an increase of 85 per cent. However, taking the relative values between 1911 and 1923, production in the latter year represented a value of only £221,000,000, or an increase of 17 per cent. In the year 1911-J2 the States had to meet an interest bill of £10.419,000. In 1921-22 the bill was £42,652,232. In addition to State debts the Commonwealth owed. £415,000,000, of which £80,000,000 was recoverable.
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Hawera Star, Volume XLVIII, 19 December 1924, Page 9
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197NEWS IN BRIEF Hawera Star, Volume XLVIII, 19 December 1924, Page 9
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