The Premiers' Convention.
(Ueoeived Feb. 11, 12.Til a.m.) 11011AUT, Feb. 111. Sir George Turner has entirely receded from his original sehemo of hypothecating the gross railway I'c.-- | venue of the Commonwealth and the taking over of the States' debts. lie mow asks the States to pass a measure making the interest on debts a first charge on their consolidated revenues, in order to make up the difference between the three-quarters of customs ami the amount required for iinteres{ payments. lie in also willing to ask the Federal Parliament to make the Itraddon clause perpetual, or to extend it to fifty years, with a sinking fund of one per cent, to extinguish the debts. I _
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Taranaki Daily News, Volume XLVII, Issue 7736, 11 February 1905, Page 2
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114The Premiers' Convention. Taranaki Daily News, Volume XLVII, Issue 7736, 11 February 1905, Page 2
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