AUSTRALIAN FINANCE.
. ( ANOTHER LOAN. < . >'l Pr«M Assn.—Copyright. Melboiwiie, July 31. lii' t&e Haiue of Representatives, Mr. Pojnton announced that the war loan " expenditure for the current year was estimated at 62 millions, which left a - of £33,200,000 It was therefore proposed to float a Peace Loan of 25 millions at 5 per. cent., but with the boil da on the first interest payment it weald amount to 5% per cent, over the whole period of the loan, repayment of which would be made at par in 1927. Jnterert would oe subject to the Com- : monwealth income-tax, but free of State "taction. If the response was not satisfactory the Government would resort to corner' pulsion, and "those subjected' to compul- ' giosf Would be liable tq a severe penalty;, fa additionto having to subscribe to the JtfME—^Aus. NJS. Cehle Assoc.
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Taranaki Daily News, 1 August 1919, Page 5
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138AUSTRALIAN FINANCE. Taranaki Daily News, 1 August 1919, Page 5
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