NEW LOAN BILL
ITS INTRODUCTION THTK WEEK.
(Feom Orra Ovra Coehespohdkht.) WELLINGTON, September 26 As stated by the Prime Minister in tho House on Friday night, the Loan Bill ia to be introduced during tho week. Various surmises have been made concerning the amount for which die Government seeks authority to borrow. The figure has been planed as high as £20,000,000. Ib is not possible to make any very accurate forecast of what sum the Government intends to ask from the coontry without am idea ot the purpose to -which it is to bo appned. Soldier settlement will be one of these, while pabßo works, hydro-electricity, and possibly ordinary land settlement wnl h P* oztered for. The sum of £20,000,000, it may be definitely stated, ia decidedly wido of the , mark, being a very , considerable overestimate of the amounti which will appear in ti» Bui Past precedents would point to £10,000,000 lieing a much more probable figure, though the , amonnt may possibly be somewhat larger^
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Bibliographic details
Otago Daily Times, Issue 18051, 27 September 1920, Page 4
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165NEW LOAN BILL Otago Daily Times, Issue 18051, 27 September 1920, Page 4
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