Fiji's War Debt
p. 38 · Read in the full issue
UK's Generous Gift Reduces It
By £2 Million
From Our Own Correspondent SUVA. June 25.
FIJI is to receive, from Great Britain, another gift, this time of more than £2,000,000, to help to meet the cost of the defence of the Colony during the war.
Between 1943 and 1946. interest-free advances totalling more than £2,200,000 (Fijian) were made by the UK to meet war expenditure. •‘As a gesture of goodwill, and in recog nition of the Colony’s own contribution towards defence costs and its war effort generally, His Majesty’s Government has now generously decided to turn the ad vances into a free grant,” states the an nouncement by the Government of Fiji.
Fiji’s war-debt amounted to over £3,000,000. This gift from the UK will make it easier to proceed with the re vision of the Development Plan which is shortly to take place. During the war years, Fiji paid out £1,941,000 on direct war expenditure, out of general revenue.