AUSTRALIA: Kookaburra Finance

Fond and normal though he is as a grandfather, strange as the ways of the Kookaburra* are the financial maneuvers of Premier John Thomas Lang of New South Wales, eccentric Laborite. Weeks ago he proposed to fatten the flabby treasury of his province by issuing "turnip money," i.e. paper money secured not by gold, but by the natural wealth of the country, turnips, mutton, wheat, etc. (TIME, Feb. 23). Dissuaded from this he next proposed that Australia should insist that Great Britain give her as favorable terms...

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