NATAL AND WAR FINANCE.
AUSTRALIA’S BIG FIGURES.
fAUSTRALIAN & N.Z. CABLE ASSOCIATION]
(Received this day at 8 a.m.) MELBOURNE, Sept. 24.
In the House of Representatives, Mr Cook tabled the Navy Estimates, which provide for an expenditure of £3,265,878 compared with £1,989,485 in 1913-14. This total provides for the care and maintenance of the fleet which has been, increased by twenty vessels since 1914, and increased personnel. The huge indebtedness of the Commonwealth had to be. considered in framing the estimates, and it had been necessary to reduce the strength of the sea-going fleet to six submarines, with a parent ship, six new destroyers, two sloops, one light cruiser and one training cruiser. Of the remaining ships, the Australia and Melbourne would be reduced to nucleus crews, the Australia becoming a gunnery and torpedo drill ship. There will be a total of eleven ships in reserve, some of which will be exercised half yearly for a few days, with seagoing forces.
The Treasurer stated the war expenditure for the current year would amount to £3,456,000. The remaining, indebtedness to the British Government in respect to active conduct of the war amounts to £42,696,500. The total amount required for soldier settlements is estimated at fifty millions. *
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Hokitika Guardian, 24 September 1920, Page 2
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204NATAL AND WAR FINANCE. Hokitika Guardian, 24 September 1920, Page 2
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