The Archive · 1937

HOW AUSTRALIA'S DEBTS ARE ADDED

Patriotic Adventure in High Finance Discloses Method

Canberra, Oct. 15.

There was a flutter in Canberra financial circles' yesterday following the receipt by the Rt. Hon. Joseph Aloysius Lyons, the Prime Minister, Of a letter signed "an Australian Patriot" in which a penny stamp was enclosed "in order to reduce to a 10und figure the Australian National Debt which is known to amount to £1262911646—0—1"

In return, Mr. Lyons wrote to the generous Australian Patriot, thanking him for his donation and, thereby, increasing the national debt by 3 pence—the stamp and registration fees.—Havas.

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

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