AUSTRALIA’S RECOVERY
PROSPECT OF BALANCED BUDGET MR J. A. LYONS ENTERTAINED (British Official Wireless) (Received 31st May, 10.57 a.m.) RUGBY. 30th May. Bankers, shipowners and merchants interested in Australia attended a dinner in honour of Mr J. A. Lyons. Australian Prime Minister. In Ins speech he referred to the recovery in the finances of Australia since 1931. Instead of a deficit of £40,000,000 which then faced them there has been a steady improvement and a surplus each year. Since ho left for England the improvement had continued. In one month since he had been in England the financial position had improved to the extent of £1,000,000 and they had entered the year with the prospect of a balanced budget. The situation had been dealt with by no fantastic methods but by recognising that, as a nation they had to live within their means and pay their way and so earn the respect of the world.
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Nelson Evening Mail, Volume LXVI, 31 May 1935, Page 5
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155AUSTRALIA’S RECOVERY Nelson Evening Mail, Volume LXVI, 31 May 1935, Page 5
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