COMPULSORY LOANS
DEFENDED BY AUSTRALIAN TREASURER KRccd. 11 p.m.) Canberra. Sept. 2 Aftei ■ sng sitting, the Budget was agreed to on the voices to-day. Prefen for compulsory loans, the Federal Treasurer, Mr. J. B. Chifiey. challenged the Opposition to produce a scale that would offer solution. He pointed out that, even on the British scale £45,000,0 ) ‘was the most that could bo raised. England, this year, had a Budget gap < had a similar problem. The Australian Government was alive to the dangers of inflation and had taken definite steps to ensure a complete counter effect.
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Bibliographic details
Wanganui Chronicle, Volume 86, Issue 225, 24 September 1942, Page 5
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95COMPULSORY LOANS Wanganui Chronicle, Volume 86, Issue 225, 24 September 1942, Page 5
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