PUBLIC WORKS GRANTS
LOAN COUNCIL’S ACTION
LARGE SUM ALLOCATED,
MELBOURNE, June 13,
The Loan Council has agreed to make available £17,436,000 to the State Governments and the Commonwealth for public works during the financial year 1933-34. New South Wales is to receive £7,000,000, Victoria £3,217,000, Queensland £2,400,000, South Australia £1,500,000, Western Australia £2,670,000, Tasmania £2,313,000, and the Commonwealth the remainder.
An error in the figures as cabled is apparent, as the amounts allocated to the States total £19,000,000.
PREMIERS’ CONFERENCE
AN IMPORTANT DECISION.
MELBOURNE, June 18. An important monetary decision was reached by the Premiers’ Conference. It was that the State Governments should not permit statutory bodies such as water boards and harbour trusts to borrow without the approval of the Loan Council.
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Bibliographic details
Otago Daily Times, Issue 21979, 14 June 1933, Page 7
Word Count
123PUBLIC WORKS GRANTS Otago Daily Times, Issue 21979, 14 June 1933, Page 7
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