MONEY FOR PUBLIC WORKS
LOAN COUNCIL’S ALLOCATIONS. United Press Association—By Electric Telegraph—Copyright MELBOURNE, June 13. The Loan Council agreed to make available £17,436,000 to the State Governments, and Commonwealth for public works during the financial year 1933-34. The money is to be apportioned as under: — f
Important Decision. An important monetary decision was reached by the Premiers’ Conference, namely, that the State Governments should not permit statutory bodies, such as water board and harbour trusts, to borrow without the approval of the Loan Council.
New South Wales . £ 1 7,000,000 Victoria 3,217,000 2,400,000 South Australia .. . 1,500,000 Western Australia . 2,670,000 Tasmania 233,000 Commonwealth 416,000
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19515, 14 June 1933, Page 2
Word Count
102MONEY FOR PUBLIC WORKS Timaru Herald, Volume CXXXVII, Issue 19515, 14 June 1933, Page 2
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