Transcript 467
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