THE COMMONWEALTH.

Otago Daily Times, Issue 14702, 9 December 1909, Page 7

THE COMMONWEALTH.

FINANCIAL RELATIONS WITH THE STATES. Press Association—Ky Telegraph-Copyright MELBOURNE, December 8. The Federal.Treasurer made a Financial Statement on the result of the agreement reached between tlio Commonwealth a.iul tile Mate-.. 1 here is an increase in tho Customs and the postal revenue, and by savings lie hoped to out bis cetimitlc'd shortage of £1,200,000 for the year down to £300,000. Consequently the Government did not intend to, ask Parliament to issue Treasury ootids to cover the deficit, as proposed in the Budget, but when the time arrived to meet the liabilities the Government would make temporary arrangements. HIGH COMMISSIONKRSHIP. MELBOURNE, December 8. The Cabinet expects to reach a decision on the. High Commissionership to-day. Sir G. IT. Reid's name is prominently mentioned. NAVAL LOAN BILL. MELBOURNE, December 8. Colonel Foxton, having informed the First Lord of the Admiralty of the passing of the Naval Loan Bill, received a reply conveying congratulations. CAPITAL SITE. MELBOURNE, December. 8. The Council lias passed the Capital Site Dill. FEDERAL ELECTIONS. MELBOURNE. December 8. (Received Dec. 9, at 0.5 a.Tii.) Mr Deakin informed the House to-day that tile Federal elections would lalw place a fortnight after Easter.