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Tuesday, 10 December 1912

Senator MILLEN (New South Wales) . - I understand the position to be that it is not possible to point specifically to any debts incurred by the South Australian Government on account of the Northern Territory for which we are liable. South Australia seems to have borrowed sums of money, and from the proceeds of those loans a certain proportion was spent in the development of the Territory.

Senator McGregor - That is so.

Senator MILLEN - That being the case, there is no particular loan for which we are responsible, but I believe that an arrangement has been made by which the Commonwealth Government undertake to lift a proportionate share of each loan falling due. That means that in three years we shall have to meet £700,000 falling due.

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