FEDERAL FINANCE
DEFICIT cut down. CANBERRA, Monday, The first half of the Commonwealth financial year has closed with a deficit of £1,231,000, compared with a £9,009,OiOO deficit on December 31, 1930. This enormous improvement is the result of the war debt moratorium and the economies effected under the I rentiers’ rehabilitation plan; aUo '.he rising revenue in consequence of brightei trade conditions.
POSITION OF STATES.
effort to ECONMISE.
SYDNEY, Monday
A special meeting of the Australian Loan Council has been convened for January 27 to consider the financial position of the various State Go > ( laments.
It is officially announced on behalf of the New South Wales Treasury that the undertaking given at the Loan Council last year by the New Sonin Wales Government to reduce the estimated deficit by economies in all probability will be realised at the close
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Bibliographic details
Wairarapa Daily Times, 12 January 1932, Page 5
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139FEDERAL FINANCE Wairarapa Daily Times, 12 January 1932, Page 5
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