The Archive · 1922

A Loan Bill

I have already alluded to this measure -having unexpectedly passed the House of Representatives with a minimum of discussion. The Bill was for £12,000,000. The Loan proposals are for £5,000,000 more but it happens that that amount is already in hand.

Some idea of how the £17,000,000 is to be spent is shown by the following figures:—Soldier Settle ment, War Service Homes, etc. £10,400,000;_ Ship Construction, £2,000,000; Federal Capital, £310,- 000; Defence, £266,000; River Murray works, £520,000; Postmaster-General, £2,700,000; Immigration, £200,000 and road construction tu help immigration settlement £250,- 000; and smaller amounts. Soldier settlement, immigration and road construction may all be taken together. The money will be used, in the words of the Commonwealth Treasurer, to "increase our turnover." Ship construction failed to raise a debate, and the deter-

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

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