FINANCIAL OUTLOOK IN AUSTRALIA
THE TAXPAYERS' BURDEN 1 . Melbourne. Juao 26. In the House of Representatives, Sir. W. A. Watt, outlining the general linancinl position, stated ' that the war expenditure amounted to ,£261,521,1 M. With heavy expenditure in prospect, it would be necessary before long, to raise another war loan. The indemnity-from Germany might somewhat lighten the burden, but the taxpayer, in his opinion, would have to liquidate the bulk of Australia's war debt. Mr. Watt also announced that the Government intended to continue the Commonwealth line of steamers, and 'build larger and faster vessels.—Press Assn.
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Dominion, Volume 12, Issue 234, 27 June 1919, Page 7
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96FINANCIAL OUTLOOK IN AUSTRALIA Dominion, Volume 12, Issue 234, 27 June 1919, Page 7
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