DEFENCE PLANS
HEAVY FINANCIAL DEMANDS IN AUSTRALIA BORROWING IN LONDON LIKELY. EXTENSIVE EXPANSION PROPOSED. By Telegraph—Press Association—Copyright. (Received This Day, 11.10 a.m.) SYDNEY, This Day. The “Herald’s” Canberra correspondent says the problem of finding money to finance the expanded defence programme is causing the Federal Cabinet increasing concern. Most of the Ministers are now reconciled to the fact that heavy borrowing will have to be undertaken to finance next year’s programme, and it is even likely that borrowing on the London market may be resumed.
Salient features of the new programme, is it understood, will be the provision of a line of batteries of highpowered long-range coastal guns along the east coast and the creation of a military force and air force strong enough to deal with any landing force. The Minister of Defence (Mr Street) detailing defence expansion in the House of Representatives, stated that plans had been made to prepare merchant vessels on the Australian register for the mounting of defensive armament.
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Wairarapa Times-Age, 30 November 1938, Page 5
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164DEFENCE PLANS Wairarapa Times-Age, 30 November 1938, Page 5
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