COMMONWEALTH POLITICS.
THE COMMONWEALTH AND THE STATES.
AGREEMENT AS TO FINANCE
United Press Association—Copyright MELBOURNE, August 20.
The State Premiers and Mr Deakin, Federal Premier, have reached an agreement regarding future financial arrangements between the Commonwealth and States, which will be ratified to-morrow, when they meet again, unless a hitch occurs over some details yet to be settled. Though no official information is forthcoming, it is understood the\arrangement provides for a Commonwealth refund to the States of 26s per head of the population, annually, and that the scheme will be put into force at once, the expiration of the Braddon clause ■ being anticipated by a year. This is for tho purpose of giving the Federal Treasurer enough money for the coming year without having to obtain a loan. It is further understood that the new arrangement is to be in perpetuity, and will require an amendment of the constitution, which'change may necessitate its being submitted to the electors in March next.
THE PREMIERS’ CONFERENCE RESOLUTIONS.
THE FULL DETAILS
(Received August 20 ,10.45 p.m.) MELBOURNE, August 20. The Premiers’ Conference has resolved : 1. To make a complete investigation regarding the consolidating and transferring of State debts. 2. That in order to give freedom to the Commonwealth is levying customs and excise, the Commonwealth shall, after Ist July, 1910, pay monthly to the States a sum calculated at the rate of 25s per annum per head of population. 3. In view of the heavy obligations incurred by the payment of old age pensions, the Commonwealth may, during the current financial year, retain from the amount to be returned to the States a sum not exceeding £600,000. ' v V
4. That an annual payment should be made to West Australia of a quarter of a million sterling in 1910 and 1911, after that year the amount diminishing at the rate of ten thousand sterling annually; half of this special amount to be deducted from tho sum paid by the Commonwealth to the other States.
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https://paperspast.natlib.govt.nz/newspapers/GIST19090821.2.25.15
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Gisborne Times, Volume XXVII, Issue 2586, 21 August 1909, Page 5
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331COMMONWEALTH POLITICS. Gisborne Times, Volume XXVII, Issue 2586, 21 August 1909, Page 5
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