THE WAR DEBT.
£141,000,000 NEXT YEAR
MELBOURNE, September 28. In the House of Representatives the Treasurer, Mr W. C. Higgs, said thai tho revenuo from all sources was estimated at £127,836,291, against £91,952,532 in 1915-16. The total expenditure was estimated at £85,299,500. In arriving at this he t estimated the average strength of the forces during 1916-17 to be 287,132. The cost of maintaining an average of. 50,000 men in Australia was £11,882,500. War pensions in the previous year cost £] 29,273. The estimate for the current year was £1,000,000. Military expenditure last year was £83,9.49,194, against an estimate of £73,670.616. He estimated the public debt on June 30. 1917, to bo £175,597,000, of which the war debt was responsible for £141,789,479.
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Ashburton Guardian, Volume XXXVI, Issue 3567, 29 September 1916, Page 6
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121THE WAR DEBT. Ashburton Guardian, Volume XXXVI, Issue 3567, 29 September 1916, Page 6
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