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Wednesday, 23 May 1928


Dr EARLE PAGE (COWPER, NEW SOUTH WALES) (Treasurer) - The matter is still under the consideration of the Government.


Mr GREGORY - A regulation, approved by the Governor-General in Council, has been circulated among honorable members, fixing 2^ per cent, as the rate of interest to be paid by the Federal Capital Commission on the money expended from revenue in the Federal Capital Territory prior to the Commission's appointment; and the same rate for the money advanced to it out of loan funds. That being so, I wish to know how the balance of the interest payable by the Commonwealth on the money that has been advanced is to be met?


Dr EARLE PAGE - The balance that would be necessary to make up the full interest charges will come from the general taxpayer.







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