FUNDS FOR PUBLIC WORKS
GRANTS IN AUSTRALIA
OVER £17,300,000 FOR YEAR.
ALLOCATION TO STATES
LOCAL LOAN RESTRICTIONS
(United Press Aujociation—By Electric Telegraph
Copyi ight.) Received 11.50 a.m. to-day.
MELBOURNE, June 13. The Loan Council agreed to make available £17,346,000 to State Governments and the Commonweailth for Public Works during the financial year 1933-34. New South Wales is to receive £7,000,000, Victoria £3,207,000, Queensland £2,400,000, South Australia £1,500,000, Western Australia £2,670,000, Tasmania £233,000 and the Commonwealth the remainder. An important monetary decision was reached by the Premiers’ Conference. It Was that the State Governments should not permit statutory bodies such as water boards and harbour trusts to borrow without the approval of the Loam Council.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19330613.2.57
Bibliographic details
Hawera Star, Volume LIII, 13 June 1933, Page 5
Word Count
114FUNDS FOR PUBLIC WORKS Hawera Star, Volume LIII, 13 June 1933, Page 5
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