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Monday, 5 June 1939

Mr Menzies s. - On Wednesday, the 31st May, the honorable member for Indi (Mr. McEwen) asked the Treasurer the following questions, upon notice : -

1.   Is there to be an allocation to State governments for farmers' debt adjustment from the present federal loan?

2.   If so, what amount is to be allotted to each State?

3.   Does any State now hold unexpended any sum previously granted by the Commonwealth Government for this purpose?

4.   If so, will he furnish the particulars?

The answers to the honorable member's questions are as follows: -

1.   By unanimous decision of the Loan Council at its meeting in April, 1938, it was decided that, of the amount to be borrowed for the financial year 1938-39, for all governments, £2,000,000 be allocated to the Commonwealth for the purposes of grants to the States for farmers' debt adjustment. This amount was partly raised by the loan in February last, and the balance is now being raised by the current loan.

2.   The allocation for the current financial year is: -


3.   The proportions of the above grants unexpended by the States at the 31st May, 1939, including the amounts still to be made available by the Commonwealth, are as follows: -


The whole of these unexpended balances are already committed to expenditure or will .be committed when all claims in hand have been examined. The balance of the approved allocation will be made available to the States aB required.

4.   See answer to No. 3.

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