| Asserting |
declaring |
| Bluff | pretend to be strong or confident to gain an advantage |
| Commonwealth
Government’s financial agreements legislation |
In 1928 the Australian government agreed to pay the interest due to bondholders overseas. Each state was expected to pay the federal government. |
| Conscience | a moral sense of right and wrong |
| Contrary | opposed in nature or tendency |
| Controversial | debatable/causing differences of opinion |
| Creditors | a person/persons or company to whom debt (usually money) is owed |
| Declined | refused |
| Debacle | disaster/collapse |
| Default | failure to pay |
| Denounced | not approved of |
| Defiance | refusal to obey |
| Dissent | disagreement |
| Farce | pretence, silly procedure |
| Friction | conflict |
| Forthcoming |
about or likely to happen |
| Governor-General | the representative of the Crown in the Commonwealth of Australia |
| Great Depression | A period between 1929 and 1934 of severe and international world economic downturn. People were left without a job, money or food because of it. |
| Gruelling | extremely demanding, severe or tiring |
| High Court | a federal court that hears some matters at first instance and appeals from the Supreme Court of the states and federal courts |
| Humble rank | of low social or political standing |
| Impound | confiscate/ take possession of |
| Legislature | the lawmaking body of a state or nation |
| Mortgage Bill | a proposed law by the Lang Government to place a 10 per cent tax on all mortgages |
| Niemeyer plan | Sir Otto Niemeyer was a financial adviser from England who advised the Australian government to pay interest on their overseas debts. To do this, he advised that costs had to be reduced in all sectors of the Australian economy. |
| Reduction | making smaller or less |
| Reforms | changes meant to be for the better |
| Rejected | refused to follow |
| Resignation | the act of giving up office |
| Revenue | the income of a government from taxation, excise duties, customs, or other sources, appropriated to the payment of public expenses |
| Steamer | a ship propelled by steam |
| Suspension | postponement or putting off until a later date |
| Unprecedented | never happened before |
| Validity | soundness |
| Vituperative | to address with abusive language |
| REFERENCES Hogan, Michael and Clune, David. (Ed.), 2001, The People's Choice - Electoral Politics in 20th Century New South Wales Sydney, Parliament of New South Wales (University of Sydney) Hughes, J.M., Mitchell, P.A. and Ramson, W.S., 1996,The Australian Concise Oxford Dictionary (2nd edition), Oxford University Press |
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