COMMONWEALTH DEBT
NEARLY ELEVEN MILLIONS IN , INTEREST CHAIt.GBS.. The Commonwealth debt (states an Australian contemporary) has increased, in the last vear or so to such an extent thai provision will have to be made presently for a considerable advance in. revenue to meet 'interest and sinking i,,r,A ',-h-\T«es For the current financial tl is char-e on the resources of the iounhT will absorb' nearly while 'for next year a iurthcr sum. of about will be required, matanß „ (ntal for the next financial term of between .£10,000,000 and JJII.OOO.pqO. Tie Government has not yet determined how tho money is to be raised to meet this burden, but it is assumed that a considerable portion ot it must bo met out o revenie ' The Federal Treasurer* S.r John Forrest) stated to-day that ho hajl not vet considered the means by which revenue should bo raised to meet next year's commitments. Before- Parliament niet the Government would discuss finan-i cial matters, and he proposed to make whatever announcement there was to Bβ made when Parliament met atter tlio close of the financial year.
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Dominion, Volume 10, Issue 3113, 18 June 1917, Page 4
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180COMMONWEALTH DEBT Dominion, Volume 10, Issue 3113, 18 June 1917, Page 4
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