Australian debts show big increase in prewar to postwar totals
Melbourne reports Prime Minister Brien of Australia states in his annual address that the national debt jumped from 1 605 000 000 to 4 210 000 000 since the prewar period. He cites an estimated revenue of 281, 0 1950 including 140 000 000 customs and taxes with a projected surplus of 3 472 785. Proposals include raising the general tax exemption to 1 000 for 40 taxpayers and reducing the house of representatives salary from 5 000 to 4 000. The gross common debt for the year ended June 30 shows 2 080 959 546 with an increase of 71 752 420.
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Debt figures in wartime and postwar Britain cited
The article notes a national debt figure of 1 210 000 000 including the commonwealth and state funds, contrasted with a pre war debt of 1 655 000. The passage reflects a formal discussion of government borrowing and financial posture during the wartime and immediate postwar period.
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Used Car Exchange For Sale Ford Roustapour F15.06
Ellis-Schiller Co. lists several for sale items including a Ford touring car with starter in good shape and a Buick model repaint in excellent mechanical condition from Trombley Motor Co. Dr L Kennard and phone contact 228-1 after 6 pm.
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