AN ESTIMATE ON COSTINGS FOR A REPUBLIC

These costings have been submitted to us. The Treasury has yet to provide a formal costing

 

A$M

1 Estimated cost of Constitutional convention:................................$40

2 Estimated cost of a Federal referendum:......................................$50

3 Estimated cost of electing a President:.........................................$50

NOTE A However the method of election is uncertain and if a popular election as in USA, a much larger sum must be added, for a public competition between candidates, each spending a war chest of money

4 Doubtless a Vice-President will be appointed - Estimated costs:..$50

5 Estimated cost of 6 referenda

(each State would need one to change from present status

to a State republic) say 6 x $15m:................................................$90

6 Estimated cost of election of 6 State Presidents............................$90

7 Presidential palace, say:...............................................................$20

8 Enormous cost of replacing millions of symbols of Armed Forces,

Govt employees: Govt offices here and overseas, letterheads,

uniforms and badges. Impossible accurately to estimate, say:.........$50

9 Cost to change our flag:...............................................................$50

10 Cost to change over our currency (notes and coins etc.) say:..........$40

MINIMUM COST:.......................................................................... $495

 

Comparative costs:

JAPAN IMPERIAL HOUSEHOLD:...............$44,922,500

ITALY PRESIDENTIAL ALLOWANCE:....$144,883,257

USA EXECUTIVE OFFICE: .........................$310,441,000

AUSTRALIA - THE QUEEN

- THE GOVERNOR GENERAL:......................$9,699,314

KUWAIT ROYAL FAMILY:...........................$26,552,000