N.S.W. FINANCE
A TREASURY DEFICIT. REPLY ToTiR. LANG. (United Press Association—By Electric Telegraph Copyright.) Received 1.35 p.m. to-day. SYDNEY, Nov. 28. Mr. Stevens, ex-Treasurer of New South Wales, points out that Mr. Lang’s statement that, there was a deficit of approximately fifteen millions in the Treasurer’s cash account when he assumed office was calculated to confuse the public mind and misrepresent the position. It would also prejudice Australia’s credit abroad. Mr. Bavin’s Government had told the people the truth about the position. Twelve millions were owing in August, and since then it had been impossible for the Commonwealth or the State Governments to secure loan accommodation.
Distorted statements, designed to place the blame on the Nationalists, would not assist matters. Restricted loan expenditure and drastic economy offered the only hope of salvation.
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Hawera Star, Volume L, 28 November 1930, Page 9
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132N.S.W. FINANCE Hawera Star, Volume L, 28 November 1930, Page 9
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