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State borrowing and sinking funds for the redemption of state debts, regarded from an economical point of view -Part 1

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Johnston, Robert Mackenzie (1908) State borrowing and sinking funds for the redemption of state debts, regarded from an economical point of view -Part 1. Papers and Proceedings of the Royal Society of Tasmania. pp. 10-21. ISSN 0080-4703

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Abstract

Since the year 1842 the six states of Australia have
practically entered into partnership with foreign capitalists
in this important work of providing railways,
roads, bridges, harbours, in advance of further settlement.
The following is a brief statement showing how this
large amount of borrowed capital was invested by the states.
The largest amount of money was invested into railways and tramways, the second largest into roads, bridges, lights, harbours,etc. The third largest itno water supply and sewerage and other public works and services were also high on the list.
Has Australia benefited by this Borrowing of
£240,149,727, or, what may be more properly termed—
Taking into Partnership a Foreign Capitalist in a profitable
undertaking?

Item Type: Article
Keywords: Royal Society of Tasmania, Van Diemens Land, VDL, Hobart Town, natural sciences, proceedings, records
Journal or Publication Title: Papers and Proceedings of the Royal Society of Tasmania
Page Range: pp. 10-21
ISSN: 0080-4703
Collections: Royal Society Collection > Papers & Proceedings of the Royal Society of Tasmania
Additional Information:

In 1843 the Horticultural and Botanical Society of Van Diemen's Land was founded and became the Royal Society of Van Diemen's Land for Horticulture, Botany, and the Advancement of Science in 1844. In 1855 its name changed to Royal Society of Tasmania for Horticulture, Botany, and the Advancement of Science. In 1911 the name was shortened to Royal Society of Tasmania.

Date Deposited: 07 May 2013 06:31
Last Modified: 15 Sep 2017 01:07
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