6P/ 030
LOAN COUNCIL
Statement by the Prime Minister ( Rt. Hon. RoG. Menzifsj
The Commonwealth, after discussion writh the
Premiers, has amended its proposals to provide that the
amount it would advance to the States for housing
construction in .961-62 should be increased by œ 7-mi, instead
of In place of the earlier proposal that total
borrowings of smi.-government and local authorities for
1961-62 should be increased by œ 10m. it now proposed an
increase of .œ 7mo in the programmes of authorities intending
to borrow more than œ 1l00,000, during the year. At the same
time it suggested that smaller authorities with programmes
less than fœ 10,000 should be permitted to borrow as much
during the remainder of the year as they found themselves
able to do. The Coimmonwealth proposal for the distribution of
the fOœ 0,, non-repayable grant remains unchanged,
CANBERRA,
1? th February, 1962.
Menzies, Robert
Period of Service: 19/12/1949 - 26/01/1966
Find more information on Menzies, Robert on the:
Release Date:
15/02/1962
Release Type:
Media Release
Transcript ID:
467
Document:
00000467.pdf
1 Page(s)
Released by:
- Menzies, Sir Robert Gordon
LOAN COUNCIL - STATEMENT BY THE PRIME MINISTER
467