FEDERAL AND STATE FINANCES

Wanganui Herald, Volume XXXXVI, Issue 13417, 3 July 1911, Page 5

FEDERAL AND STATE FINANCES

Press Association—Telegraph.—Copyright. Received July 3, 9.20 u.m. SYDNEY, July 3. The Federal Treasurer hue paid the Stale iH28,404 in settlement of the per capita return for the year. This is .£21,784 less than expected. The Hon. A. C. Carmichael stated that the return was based on the recent census, instead of the Federal Statistician’* estimate on December 31. AN OFFER DECLINED. Received July 3, 10.33 a.m.' SYDNEY, July 3. The Federal Government offers the Stats 3 per cent, interest on properties transferred to the Commonwealth at the inauguration of Federation. All the Stales decline the amount, Victoria asking 3} per cent.. Now South Wales 3.58, and the others 3s. Considerable correspondence it proceeding.