NOTHING NEW UNDER THE SUN (ALMOST)
23rd October, 1920: Not only is it now unlikely that Australia will see much of the £100,000,000 it hoped for in war reparations, but Britain says we owe it £42,695,000, with five percent interest, for transport and maintenance of our forces in Europe. The former Treasurer, Mr Watt, said earlier this week that the chaos in Europe meant full reparations probably would not be paid. The war is said to have cost Australia £364,000,000.
[ Now our RAAF in the Middle East is dropping just a bomb a day on the Islamic Horde. An austerity measure? Obama’s cheque bounced? ]