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Commercial Intelligence Journal, Vol. 39

  • Kartonierter Einband
  • 992 Seiten
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Excerpt from Commercial Intelligence Journal, Vol. 39: July 7, 1928June completes the end of the financial year of the Commonweal... Weiterlesen
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Excerpt from Commercial Intelligence Journal, Vol. 39: July 7, 1928

June completes the end of the financial year of the Commonwealth and State Governments. The federal revenue-s will be considerably less than the Treasurer's estimate, while it is improbable that any Australian state will show a surplus; on the contrary, some states are certain to show marked deficits. The absence Of profits on the state-owned railway systems constitute the chief cause of their financial difficulties, which to some extent is attributable to the inroads made on railway revenues by motor cars and motor haulage.

Further, it has been emphasized by a leading banker that at the end of the war the public debt of the Commonwealth and the States was whereas to-day it has increased to at considerably higher rates of interest than in pre-war days.

On September 15 next an internal Commonwealth loan of bear ing 5 per cent interest becomes due, and it is anticipated that it will, in the main, be converted at the higher rate of the similar conversion loan in October, 1927, which was issued at £98 103. With interest at 571 per cent.

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Titel: Commercial Intelligence Journal, Vol. 39
Untertitel: July 7, 1928 (Classic Reprint)
EAN: 9780364857663
ISBN: 0364857668
Format: Kartonierter Einband
Anzahl Seiten: 992
Gewicht: 1300g
Größe: H229mm x B152mm x T52mm
Jahr: 2018



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