FACING THE FACTS
NEW SOUTH WALES FINANCE. STATEMENT BY MR LANG. (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY, November 27, (Received Nov. 27, at 11.30 p.m.) In the Legislative Assembly the Premier and Treasurer (Mr J. T. Lamri sought £13,248,240 supply for four months. He said; We are faced with a most embarrassing position. We owe by way of overdraft and immediately maturing advances and local treasury bills £11,798,537. If London Treasury bills which are due on December 31 and March 2 be added our total obligations amount to the staggering sum of £15,342,789,” p Mr Lang declared that the Government was determined to stop the drift if it was humanly possible to do so, irrespective of whom it offended. He estimated that the net deficit for 1930-31 would amount 1 to £7,784,012. It seemed impossible to bridge this deficiency in the current financial year, but every effort would be made to do so.
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Otago Daily Times, Issue 21195, 28 November 1930, Page 11
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154FACING THE FACTS Otago Daily Times, Issue 21195, 28 November 1930, Page 11
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