COMMONWEALTH AND STATES.
TRANSFERRED PROPERTIES' QUESTION.
Another Squabble. Press Association.—Telegraph .—Copyright. Received July 10, 9.45 a.m. MELBOURNE, July 10. The Acting-Premier has written to the Federal Government rejecting the proposal to pay, as from July Ist last, 3 per cent, interest on the State’s transferred properties, and to set aside not less than half per c.ent. as a sinking fund for liquidation of the debt. He claims that current interest of 3j per cent, should be paid, and considers the Commonwealth proposal is likely to seriously rupture the relations between the Commonwealth and the States. Mr Watt is taking steps to call an interstate conference to deal with the matter.
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https://paperspast.natlib.govt.nz/newspapers/WH19110710.2.58
Bibliographic details
Wanganui Herald, Volume XXXXVI, Issue 13423, 10 July 1911, Page 6
Word Count
110COMMONWEALTH AND STATES. Wanganui Herald, Volume XXXXVI, Issue 13423, 10 July 1911, Page 6
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