NEW SOUTH WALES IS FACING BIG DEFICIT
SO IMPOVERISHED THAT IT CANNOT DO MAINTENANCE WORK
Recd. 11.10 p.m. Canberra, Feb. 24 New South Wales officials have told the Commonwealth that the State faces a deficit of between £3,500,000 and £4,000,000. Commonwealth 0~cials believe that the State decision to implement the 40-hour week will add tremendously to these figures. In a conference between the Commonwealth and State Treasury representatives, New South Wales delegates claimed that the State was so impoverished that maintenance work of various kinds would have to be curtailed. Manpower and materials were so short that they could not spend money allocated to the State for a loan programme. This placed the State in the ironic position of having plenty of loan money which could be used only on developmental work, but insufficient funds from revenue to keep maintenance work going. State officials told the Commonwealth that retrenchment could be avoided only if there was a change in the system by which the Commonwealth returned to the States taxation funds collected by the Commonwealth.
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Wanganui Chronicle, 25 February 1947, Page 5
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175NEW SOUTH WALES IS FACING BIG DEFICIT Wanganui Chronicle, 25 February 1947, Page 5
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