COMMONWEALTH REVENUE.
THE STATES' SHARE. By Telegraph.—Press Association.— Copyright.
Mklbotjk.ve, August 20. The State Premiers and the Federal Prime Minister (Mr. Deakin) have reached an agreement regarding the future of the financial arrangements between the Commonwealth and the States, and it will be ratified this afternoon, when the Conference meets again, unless a hitch occurs over some details still to be settled.
'Though no official information is forthcoming, it is understood that the agreement provides for the Commonwealth refunding to the States 26s per head of population annually, and that the scheme will be put into force at once, the expiration of the Braddon clause being anticipated by a year.
This is for the purpose of. giving the Federal Treasurer enough money for the coming year, without having to obtain a loan.
It is further understood that the new arrangement is to be in perpetuity, and that an amendment to the Constitution which the change may necessitate will be submitted to the electors in March next.
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Bibliographic details
New Zealand Herald, Volume XLVI, Issue 14145, 21 August 1909, Page 7
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166COMMONWEALTH REVENUE. New Zealand Herald, Volume XLVI, Issue 14145, 21 August 1909, Page 7
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