FUNDING A DEBT
AN AUSTRALIAN ARRANGEMENT. WITH BRITISH EXCHEQUER. (Australian and N.Z. Cable Assn.) Received February 4, 9.35 a.m. LONDON, February 3. Mr Mlllcn, on behalf of Australia, and Mr Chamberlain, Chancellor of the Exchequer, have signed a financial agreement. It is officially explained that it provides for funding £92,000,000, including £-19,000.000 In cash advances by the Imperial Government to the Commonwealth for war expenditure, £35.000,000 paid by the Imperial Go-, vernment for the maintenance of Australians on service, £8,000,000 by the Ministry of Shipping for Admiralty charges for transport and other services. The Commonwealth has contracted to provide annual payments, including interest and sinking fund, averaging 6 per cent of the whole indebtedness.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19210204.2.76
Bibliographic details
Waikato Times, Volume 94, Issue 14583, 4 February 1921, Page 5
Word Count
114FUNDING A DEBT Waikato Times, Volume 94, Issue 14583, 4 February 1921, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.