AUSTRALIAN FINANCES
ADELAIDE, October 22. The South Australian Legislative Assembly passed a Bill for the redemption, of public securities. The Premier stated that nearly £2,000,000 of loan money was falling due for redemption in January. The Government proposed to float a loan in London to redeem it. Probably the rate of interest offered would be 5 per cent., and the term of currency would be five years. HOBART, October 22. In the Tasmanian Legislative Assembly the Treasurer laid on the table (without reading it) the Financial Statement. The revenue decreased by £13,894 compared with the previous year. The estimated revenue for the current year is £1,335,613, and the estimated expenditure is £1,297,367. leaving an estimated surplus of £38,246. If these figures are realised the deficiency of £104,772 existing at July 1 will be reduced to £66,526 by the end of the financial year.
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Otago Witness, Issue 3215, 27 October 1915, Page 22
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143AUSTRALIAN FINANCES Otago Witness, Issue 3215, 27 October 1915, Page 22
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