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Newspaper
Cairns Post
Location
Cairns, Queensland, Australia
Date
Nov 22, 1940
Page
2
The United Kingdom and Australia outline arrangements for a loan to cover overseas war expenses. The UK government will provide up to 15 million pounds by December 1, 1940, on identical terms to a prior loan. Future overseas war costs will be met from British resources, with a contribution determined by the trade balance.
The document outlines Australia’s 1040 41 wartime expenditure of about £143 million with monthly bills rising toward £1.2 million or more. It discusses balancing funding through government borrowing, Central Bank actions, imports, and tax reforms including a wartime universal tax plan, revenue from higher incomes, and selective levies to fund defense and production while avoiding inequitable burdens.
The document outlines a war expenditure budget and a loan strategy with figures totaling £691,447,000 and £11, and references a forthcoming statement to be brought at an early stage. It highlights the need to fund deficits through loans and bond issues, and notes a total obligation of £240.00 million in a balance of anticipated revenue against expenditures. It mentions the Treasury and references Allied war efforts, emphasizing the aim to support democracy and armament needs.
A compact note presents responses to the prompt What do you think. It mentions discussion of a specious phrase and rejected indictments, references to Spanish phrases in conversation, and a cryptic line about a whale arching and getting down. The fragment hints at a miscellaneous commentary or puzzle style item from a historical page.
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