COMMONWEALTH POLITICS.
ENORMOUS WAR EXPENDiTURE. By Telegraph.--P.-ea3 Aasn.--■Copjtlght. Melbourne, June 28. Mr. Watt, in the House of Representatives, outlining the general financial position, s,tated that the war expenditure amounted to £261,531,104, with heart 1 ? expenditure in prospect. It would be necessary before long to raise another war loan. The indemnity from Germany might somewhat lighten the burden, out the taxpayer, in his opinion, would have to liquidate the bulk of the Australian war debt. He also announced that the Government intended to continue the Commonwealth line of s.teamers and build larger and faster vessels.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 27 June 1919, Page 5
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96COMMONWEALTH POLITICS. Taranaki Daily News, 27 June 1919, Page 5
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