Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Thursday, 14 September 1972
Page: 1390

Mr Lionel Bowen (KINGSFORD-SMITH, NEW SOUTH WALES) -I direct my question to the Treasurer. I refer to the New South Wales Auditor-General's report which indicates that the Sydney Water Board has a capital debt of $703m and that 47 per cent of its income is taken up in paying interest and servicing the debt. Has the Board now decided to finance a large portion of its capital works pro gramme from revenue because of its inability to obtain Federal assistance? Does this mean that ratepayers in the Sydney area, for example, will be obliged to pay a further $100 to $150 a year in rates to finance works from which they receive no benefit? Because of the hardship this policy will cause people on low and fixed incomes, will the Treasurer favourably consider an application for Federal grants to finance water storage and reticulation on a national basis and is he prepared to receive a deputation from the local government constituencies concerned?

Mr SNEDDEN - I have some knowledge of the matters which the honourable gentlemen raises. I would be quite willing to receive a deputation. But I must say to the honourable gentleman that members from my own Party have been active in this matter before the intervention of the honourable gentleman.

Suggest corrections