AUSTRALIAN FINANCE.
THE, "TIMES" CRITICISM. United Prew Association— By Electric Telegraph— Copyright. (Received September- 11, 9.33 a.m.) SYDNEY, September 11. The Premier, replying to the "Times" comments on Australian finance, said that they ba4 men left in the States quite as capable of looking after their own affairs ac those in tfye Federal Parliament. (The "Times," in a prominent contributed -article^ criticised A-Ujstraliatt loan ex- j penditure, denounced' cockspur* railways, condemned the habit of improving Crown | lands by means of loans, and l using the pro- J oaeds as general revenue' when the land is ; sold. The writer added that though her j resources' were magnificent, and bankruptcy & long way off, yet Australian, 'borrowing was rearing the limit of safety, and 1 he wondered whether the States were competent to look after their finances, since the Commonwealth had absorbed all the. 'best men, leaving the States almost devoid of trained! political guidance. The- writer concluded by stating that if the States entrusted the management of their mc«t important external finance to the Commonwealth Treasurer their creditors and well-wishers in the Motherland would heartily applaud tihe decision^
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Bibliographic details
Star (Christchurch), Issue 7807, 11 September 1903, Page 3
Word Count
186AUSTRALIAN FINANCE. Star (Christchurch), Issue 7807, 11 September 1903, Page 3
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