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CHEAP MONEY FOR AUSTRALIA. FOR SETTLEMENT AND DEVELOPMENT. BY CABLE—PBESS ASSOCIATION —COPYRIGHT (Received July 31, 10.35 a.nr.) MELBOURNE, July 31. Draft agreements for the operation of the new migration proposals have been received by Mr Bruce. It is proposed that Britain shall the Commonwealth £34,000,000 for land settlement and development work, and the Commonwealth in turn will lend the money to the States, who will administer the expenditure. As the Commonwealth and Britain will share a larger part of the interest charges, the States will receive the money at a nominal interest. The Federal Parliament will discuss the proposals before definite action is taken.—Aus.-N.Z. Cable Assn.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19240731.2.21
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Hawera Star, Volume XLVIII, 31 July 1924, Page 5
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109A BIG SCHEME Hawera Star, Volume XLVIII, 31 July 1924, Page 5
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