The Archive · 1938

Australian Munitions

Proposals for armament annexes at the workshops of the Victorian, New South Wales and South Australian railways, and at the factories of fourteen private firms, are announced by the Minister for Defence (Mr.

The machines. are single-seaters Thorby). They will supply ammunition components in emergency to supplement the output from the defence factories, Following a survey at the meeting of the Defence Council, the Commonwealth will enlist Stale Government establishments and private industry in ensuring a sufficient. ammunition supply.

Commonwealth and State tobacco experts expect that within the next decade, Australian growers will be supplying 15,000,0001b. of good marketable leaf to Australian manufacturers, compared with 6,500,0001b. last year. The quality improves consistently.

"All-Australia" Surplus In the last financial year, which ended on June 30, the seven Australian Governments received revenue £13,805,000 in excess of all current expenditure, This is believed to be the largest surplus of revenue over current expenditure in the history of the Tommonwealth. The large surplus is derived by adding to the budgetary position disclosed by each State the amount paid to the Commonwealth sinking fund by or on behalf of that State for the redemption of debt.

As no sinking fund payments were made by the States until immediately before the depression, the total of £13,805,000 thus obtained represents the net Australian surpluses as they would appear on the basis of the pre-depression boom years,

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

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