FEDERAL FINANCE.

Waikato Times, Volume 102, Issue 17133, 21 June 1927, Page 7

FEDERAL FINANCE.

STATE & COMMONWEALTH. CONFERENCE OF PREMIERS. i ■ i ■— - UNANIMOUS DECISION REACHED.' (United Press Association). MELBOURNE, June 20. At the Premiers’ conference, Mr J. T. Lang (New South Wales) accepted the Commonwealth’s road plan. ’l'liis provides for the construction of roads with the aid of Federal grants. It involves an expenditure of £20,000,000 of Commonwealth funds spread over a period of 10 years. After the meeting, which was In camera, Hie Prime Minister, Mr S. M. Bruce, said there was now every prospect of a unanimous agreement on all the proposals made by the Commonwealth Government, as Mr Lang had indicated that he was willing to give way on a number of important points. At the close of a further meeting of the conference Mr Bruce announced that all the States had carried a resolution to the effect that, subject to further and fuller consideration, the general principle of he Commonwealth’s scheme he allirmcd and that the Commonwealth prepare a formal agreement for submission to and consideration by the Federal and State Governments. The Prime Minister said the conference was in complete unanimity as regards all the proposals.