THE AUSTRALIAN DEBT.
HOW-IT HAS BEEN EXPENDED. Ty Cable.—Press —OnyrighV Received July 29, 10.30 p.m. London, July 29. Colonel Seely, in reply to Mr. W. Redmond. quoted a special detailed statement wherein Sir George Reid showed the proportion of Australian debt that was invested in reproductive works. He added, in reply to a question, that it was difficult and possibly invidious to compare the debts of the different parts" of the •Empire from the standpoint of reproductiveness, but, tried by this test, Australia in any case would stand very high. He added, in reply to Mr. Kinlock Cooke, that the bulk- of the three and a-quarter millions Australia had expended on immigration was spent on emigration from the Motherland.
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https://paperspast.natlib.govt.nz/newspapers/TDN19100730.2.32
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Taranaki Daily News, Volume LIII, Issue 95, 30 July 1910, Page 5
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119THE AUSTRALIAN DEBT. Taranaki Daily News, Volume LIII, Issue 95, 30 July 1910, Page 5
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