Proudest man in Australia last week was tousle-haired Premier Joseph Aloysiu Lyons. When he took office 22 month? ago Australia's finances were an Empire scandal. Commonwealth bonds were on the verge of interest default. Joe Lyons, who had only recently emerged from the political wilds of Tasmania, formed a Cabinet and pulled in his belt. Things looked better last year, and last week he had real news. Reading his budget speech before the House of Representatives, he announced that the Commonwealth had, instead of an estimated deficit of £1,302,000, a surplus of £3,547,000.
This money will not lie long in...
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