The Archive · 1925

Australian Treasurer in America

Dr. Page's Denial of a Borrowing Mixsion: A Scheme to Subdivide the States York, Feb, 24. fe, treasurer of Commonwealth of dxustralia, arrived here to-day on his way to England, said Australia had no present intention of borrowing money jin the United States.

Rumours of an impending Austra-Han Toan which had preceded his Jeoming might have gained colour, Dr. Page surmised, from the fac:

'a number of American bankers had approached his Government on the question of such financing. He iwas ready to listen to further proposals, as a matter of interest and Information, and to tay them before the Home Cabinet, which would have the final decision. There was no need of immediate cash there now, he said. He expressed the opinion that any loan Australia later might negotiate would be used for conversion purposes only.

Dr. Page said that at home he iwas one of the proponents of a movement now under way in Australia to divide its present six states gradually into a union of smaller states, 25 or 30. He argued that a [state as large as Queensland, having Jan area equal to the eastern half Jof the United States, would grow unwieldy, and that better adminis trative results would be gained with states of a smaller size, such as "States righters, the "small good scrap of Dr. Page sai isi Jand the United States was prinfeipally for his health and that he iwas studying hydro-electric other national projects ex route which were of interest to the Home went. -—Reuter's American

Text read from the printed page and cleaned; old type leaves the occasional error.

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