03 – Nullabor Rail + Commonwealth Bank

How the Nullabor railway was built debt free, interest free “By utilising Australian notes in this manner the Commonwealth Government avoided debt, interest-charges and taxation”. (Hansard, Vol. 129, p. 1930) 9th edition page 5 – see below. 

The same financing can be done right now for any projects, roads, bridges, dams, refilling the Murray etc – debt free and interest free. Sec 51 – Constitution.

No soundtrack on the original footage

 

 

 

 

 

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