From the Kearney Files
Sydney 15th June 1922
THE NORTH SYDNEY BRIDGE
Now that the Cabinet has to decide whether the North Sydney Bridge is to be gone on with or not, it is time to enter a definite protest against this piece of political extravagance.
In order to placate the country members of the Nationalist Party, Sir Thomas Henley placed certain figures before the Cabinet, which showed that the cost of building during the first three years would be three hundred thousand pounds, and the proceeds from the proposed municipal tax, if made operative, would be more than sufficient to cover the outlay.
But he fails to add that, after the three - year period, the cost to complete the bridge would be somewhere in the neighbourhood of six million pounds, and that the tax on the northern suburban people would not pay the interest on this sum, much less create a sinking fund to pay for the bridge, even if any tax was ever imposed.
In view of our financial position, and the heavy burden of taxation which we now carry, it is to be hoped that the Progressives with the Country Coalition members will call a halt in this suggested orgy of financial madness, and the Government refuses then the Fuller Government must go.
Sydney 15th June 1922
THE NORTH SYDNEY BRIDGE
Now that the Cabinet has to decide whether the North Sydney Bridge is to be gone on with or not, it is time to enter a definite protest against this piece of political extravagance.
In order to placate the country members of the Nationalist Party, Sir Thomas Henley placed certain figures before the Cabinet, which showed that the cost of building during the first three years would be three hundred thousand pounds, and the proceeds from the proposed municipal tax, if made operative, would be more than sufficient to cover the outlay.
But he fails to add that, after the three - year period, the cost to complete the bridge would be somewhere in the neighbourhood of six million pounds, and that the tax on the northern suburban people would not pay the interest on this sum, much less create a sinking fund to pay for the bridge, even if any tax was ever imposed.
In view of our financial position, and the heavy burden of taxation which we now carry, it is to be hoped that the Progressives with the Country Coalition members will call a halt in this suggested orgy of financial madness, and the Government refuses then the Fuller Government must go.
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