AUSTRALIA'S FINANCE
RESULT OF CONFERENCE. (Rec. November 6, 0.40 a.m.) Melbourne, November 5. .- The Conference of Federal and Stato Ministers has concluded. Mr. Fisher subsequently announced that tho Commonwealth had engaged to lend New South Wales, Victoria, South Australia, Tasmania, and West' Australia money during twelve months for public works, the money to be raised by making the note issue unconvertible. Queensland does not participate in this borrowing. It is understood that Mr. Fisher's negotiations with the Imperial Government resulted iii the latter agreeing to raise £18,000,000, whicn will probably be included in the next British war loan. Of the eighteen millions to be raised, New South Wales receives about eight millions, Victoria about four, South Australia and West Australia three each, and Tasmania about a million. On the railway gauge question a further conference will bo held shortly.
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Dominion, Volume 8, Issue 2300, 6 November 1914, Page 6
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139AUSTRALIA'S FINANCE Dominion, Volume 8, Issue 2300, 6 November 1914, Page 6
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