FIDUCIARY ISSUE

Northern Advocate, 8 April 1931, Page 5

FIDUCIARY ISSUE

PRIME MINISTER’S POLICY. STATEMENT MODIFIED (Received 10 a.m.) MELBOURNE., This Day. The Prime Minister, Mr J. H. Scullin, has modified his statement in regard to an appeal to the country if the Senate rejects the Fiduciary Issue Bill. He now says the Government will persevere with the Bill to provide money for wheatgrowera and also unemployed. If the Senate this week rejects the Bill, it will be sent back after the prescribed three months have elapsed. If again rejected, the Government will ask for a double dissolution. Mr Scullin added: “Tlie dissolution of cue House would not justify anything. Thus it will be three months or longer before the elections will oc-

STARTLING SHORTAGE. CUE RENT YEAR'S AGGREGATE £24,000,000, (Received 11.30 a.xn.) CANBERRA, This Day. The estimated deficits of the Commonwealth and States Governments for the current financial year will be more than £24,000,000, made up as follows: Commonwealth £12,000,000, New South Wales £8,000,000, Victoria £1,500,000, Queensland £500,000, South Australia £1,000,000, West Australia £OOO,OOO and Tasmania £IOO,OOO. The accumulated deficits, of Australia are expected to be about £40,000 and the Commonwealth deficit for the next financial year approximately £15,000,000.