PM Transcripts

Transcripts from the Prime Ministers of Australia

Transcript 467

LOAN COUNCIL - STATEMENT BY THE PRIME MINISTER

Photo of Menzies, Robert

Menzies, Robert

Period of Service: 19/12/1949 to 26/01/1966

More information about Menzies, Robert on The National Archive website.

Release Date: 15/02/1962

Release Type: Media Release

Transcript ID: 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
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.

Transcript 467