AUSTRALIAN IMMIGRATION
THE BRITISH PROPOSALS. DRAFT AGREEMENTS RECEIVED. Pi«a Association —By Telegraph Copyrig it. MELBOURNE, July 31. • Draft agreements for the operation of the new migration proposals have been received by Mr Bruce. It is proposed that Great Britain shall lend the Commonwealth Government £34,000,000 tor land settlement and development work, and the Commonwealth Government m turn will lend money to the States, which will administer the expediture. As the Commonwealth Government and Great Britain will share the larger part of the interest charges, the States will receive the money at a nominal rate of interest. The Federal Parliament will discuss the proposals before definite action is taken.
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Bibliographic details
Otago Daily Times, Issue 19239, 1 August 1924, Page 7
Word Count
108AUSTRALIAN IMMIGRATION Otago Daily Times, Issue 19239, 1 August 1924, Page 7
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