OUR PUBLIC DEBT.
In the House of Representatives on Tuesday, Sir Joseph Ward, in reply to a question by Mr Herdman as to the amount of the public debt, stated that at the end of the financial year it stood at .£70,938, 534. At the end of the previous year it stood at ,£66,453,897, or an increase during the year of .£4,484,637, The increase was made up as follows:—Aid to public works (1907), ,£191,800; aid to pubile works (1908), ,£1,200,000; Hutt railway and road improvements (1905-07),,£69,300; Government Railways Act (1908), ,£145,100; Wellington and Manawatu Railway Act, .£1,000,000; Post and Telegraph (1908), ,£200,000; Land for Settlement Act, ,£211,495; Local Bodies Loans (1908) ,£250,000; Government Advances to Settlers (1908), ,£1,048,8000; Government Advances for Workers, ,£123,500; N.Z. Consols Act (1894), increased by conversion £,36,928, for redemption .£7590, total increase ,£4,484,637. The statement was ordered to be printed and laid upon the table.
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Manawatu Herald, Volume XXXI, Issue 462, 17 June 1909, Page 2
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149OUR PUBLIC DEBT. Manawatu Herald, Volume XXXI, Issue 462, 17 June 1909, Page 2
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