WAR EXPENDITURE
NEW LOAN BILL IN AUSTRALIA. (By Telegraph—Press Association—Copyright) CANBERRA. April 4. When the Acting Prime Minister and Treasure)'. Mr A. W. Fadden, introduced a new fifty million pounds Defence Loan Bill in the House of Representatives, Labour members asked him to explain why defence expenditure was below the Budget estimate. Mr Fadden said further appropria- ' lions would be necessary to enable war ! services to be carried out in the early months of next financial year. Over- ‘
seas war expenditure had not. yet reached a pro rata proportion of the Budget estimate because financial adjustments wiih the British Government for the maintenance of Australian troops were in arrear.
Replying to Labour members who urged that national credit instead of loan money should be used. Mi- Fadden said tile national credit was being used to the extreme of safe limits.
'The Bill passed all its stages in both houses.
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Wairarapa Times-Age, 5 April 1941, Page 6
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149WAR EXPENDITURE Wairarapa Times-Age, 5 April 1941, Page 6
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