FEDERAL FINANCE.
United Press Association. —By Electric Telegraph. —Copyright. Melbourne. June 1.
In the House, Sir Wm. Lyne stated that even if the Surplus Revenue Bill did not pass, the Commonwealth could not pay the States three-fourths of the revenue balance for June. £350,000 was required for naval defence, and £323,000 for old age pensions. The intention was to transfer the June balances to a trust fund towards meeting these charges, and by the end of the. year the States would have received £301,000 above the three-foutha whereto they were entitled.
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Bibliographic details
Rangitikei Advocate and Manawatu Argus, Volume XXXIV, Issue 9161, 2 June 1908, Page 5
Word Count
91FEDERAL FINANCE. Rangitikei Advocate and Manawatu Argus, Volume XXXIV, Issue 9161, 2 June 1908, Page 5
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