£1,213,296,358.
Australia’s Vast Public Debt. HUGE ANNUAL INTEREST BILL. United Press Assn.—By Electric Telegraph—Copyright. (Received February 17, noon.) CANBERRA, February 17. Australia’s public debt at December | 31, 1933, totalled £1,213,296,358, accord- | ing to a statement in the CommonI wealth Gazette. The total interest payI able annually is £49,799,112. CANNOT AFFORD IT. Mr Lyons Refuses State Premiers’ Request. (Received February 17, 12.30 p.m.) MELBOURNE, February 17. The full conference of Federal and State Ministers opened with a definite statement by Mr Lyons, Prime Minister, that the Commonwealth could not afford to hand over a substantial proportion of its revenue to the States as the Premiers had suggested. Mr Lyons said that it was impossible to make further large payments to the States without increasing taxation. The alternative would be an unbalanced Federal Budget. The actual position therefore is a deadlock.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS19340217.2.4
Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20233, 17 February 1934, Page 1
Word Count
139£1,213,296,358. Star (Christchurch), Volume LXVI, Issue 20233, 17 February 1934, Page 1
Using This Item
Star Media Company Ltd is the copyright owner for the Star (Christchurch). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Star Media. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.