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Taranaki Herald, Volume LV, Issue 13910, 13 March 1909, Page 4

FINANCIAL DELATIONS. By Electric Telegraph. — Copyright. HOBAKT, March 12. The Premiers have come \i) agreement on the question ol' financial relations oi" the State.* si rid Commonwealth, and have drawn up a resolution which, it v believed, will prove acceptable to the- Commonwealth. Details are not divulged. " IMPORTANT PROPOSALS. (Received March 13, 10.25 a.m.) < HOB ART, March' l3. ' The Premiers' Conference resolved that the Commonwealth should receive three-fifths of the Customs e^ise revenue instead of three-fourths, provided that the amount returned by the States in any one, year was not less i than six and three-quarter millions. It also recommended a s.p^cial payment to Westralia commencing at £250,000 and decreasing annually by £10,000. The; balance of /the amount returned to the States after the special payment to Westralia to be distributed on a per capita basis. v It was decided that, if the States? Governments were agreeable, immediate be (taken to amend the constitution- To give effect to these pro-<( posals and enable federation to get an increased revenue as early as possible, the jconference resolved that it was advisable "that the 1 State Old-age Pensions Act should be,, repealed on the Federal Act coming int6 operation. /