AUSTRALIAN NEWS
BENEVOLENT SOCIETY.
(Australian Press Association.)
SYDNEY, Nov. 28,
The directors of the Benevolent Society of New South Wales told the Minister of Health. Mr McGirr, that the Society was facing a serious financial crisis wiiih an overdraft of nearly thirty thousand sterling, which the bank was demanding to be reduced. They asked the Government to pay £7.905 sterling which the Society should normally have received last July. N.S.W. DEFICIT. (Received Otic day «*t 1.5 ‘SYDNEY. November 28. Mr Stevens, ex-Treasurer, points out that Mr Lang’s statement that there would be a deficit approximately of fifteen millions in the Treasurer’s cash account when he assumed office, was calculated to confuse the ptiolic mind and misrepresent the position. It would also prejudice Australia’s credit abroad. The Bavin Government had told the people the truth about the positon. Twelve millions were owing in August and since then it had been impossible for the Commonwealth or State Governments to secure loan accommodation. The distorted statements designed to place the blame on the Nationalists, would not assist matters. The restricted loan expenditure and drastic economy offered the only hope of salvation.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19301128.2.48
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 28 November 1930, Page 5
Word count
Tapeke kupu
188AUSTRALIAN NEWS Hokitika Guardian, 28 November 1930, Page 5
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in