Loan expenditure of the seven Tasmania in one hour 25 minutes Alotrallan governments. for 1036-31 Conditions "were. good, "but Pilot has been cut by a third os a result] Frewin made no attempt to push the of decisions reached by the Loan Council. The governments agreed to reduce their public borrowing for the coming financial year to £19,910,000 =a out of £10,640,000 on the £30.- '350,000 loan programme adopted by the Council last May for 1935-38.
This is a further reduction of £1,383,000 compared with the revised programme for 1935-35 adopted by the Loan Council. The programme showed that during 1935-30 the Government did not use nearly six million pounds of authorized loan money.. The reason is that unem~ ployment has been substantially re-
The Commonwealth Government agreed to give the States a grant of £500,000 from the 1995-36 surplus during the coming financial This may be used either for works, in the case of those States which will elance their budgets in 1936-87, oF for reducing deficits.
'The £19,910,000 loan programme for 1926-37 includes total borrowings for all purposes—loan works, finane~ ing of deficits, and farmers' debt ad-Justment commitments. The allocation of loan expenditure for 1996-37 Is as follows:
Commonwealth 21,006,000 machine up to her maximum of about 235 miles an hour. Radio signals, equipment, even the cafeteria service, were reported in perfect order.
Each day now the plane will leave Tasmania about 1013 am. to fy to Melbourne, and return to Launceston 1 pin.
Text read from the printed page and cleaned; old type leaves the occasional error.