Transfer of State Debts.

Wanganui Herald, Volume XXXIX, Issue 11644, 23 August 1905, Page 5

Transfer of State Debts.

Australian /Trade.

Received August 23, 9.28 a.m. MELBOURNE, August 23. In delivering the Budget, Sir John Forrest hoped that before long he would bring the negotiations to transfer the State debts to the Commonwealth- to a successful conclusion. Australia's trade last year was .£94,500,000, the imports being 37 millions, and the exports 57 millions. Seventy-four per cent of the total trade was done with the United Kingdom and British possessions. The proposed expenditure includes ,£30,000 for a telephone service between. Melbourne and • Sydney, and .£140,000 for special defence material. The debate on the Budget has been adjourned.