No. 694
FOR PRESS 65/ 094
CABINET DISCUSSES DROUGHT
The Acting Prime Minister, Mr. McEwen, announced that
in the course of a meeting in Melbourne today the Cabinet had
further discussed aspects of the drought in Eastern Australia.
Proposals which have recently been received from the
Governments of New South Wales and Queensland for Commonwealth
assistance towards drought relief measures instituted by those
states were under study and. would be further considered by
Cabinet. As had already been announced the Commonwealth was closely
watching banking aspects, having regard to the needs of farmers
and graziers in drought areas. It was in touch with the
Reserve Bank about this.
The Reserve Bank had itself been conducting consultations
with the trading banks to ascertain the requirement and
availability of banking assistance being sought for drought
purposes. The Government was also examining taxation implications
for farmers and graziers of transactions in which they may be
involved as a result of the drought, such as the disposal of
stock and subsequent restocking.
The Treasurer had already clarified those taxation aspects
which arose from donations of fodder and cash towards drought
relief. CANBERRA. A. C. T.
7th July, 1965 48/ 65T
Menzies, Robert
Period of Service: 19/12/1949 - 26/01/1966
Find more information on Menzies, Robert on the:
Release Date:
07/07/1965
Release Type:
Media Release
Transcript ID:
1128
Document:
00001128.pdf
1 Page(s)
Released by:
- McEwen, John
FOR PRESS: CABINET DISCUSSES DROUGHT
1128