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§ 344. “Consolidated Revenue Fund.”

In 1787, by the Imperial Act 27 Geo. III. c. 13, the numerous revenues of the Crown in the United Kingdom were brought together into a “Consolidated Fund,” into which flows every stream of the public revenue, and whence issues the supply for every public service. (See May, Parl. Practice, p. 558.) In the Australian colonies the land revenues were for many years kept distinct from the general revenues; but on the grant of responsible government a Consolidated Revenue Fund was created in each colony. This feature of financial administration, universal in all the self-governing parts of the Empire, is reproduced in this Constitution.

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