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    The document summarizes a local newspaper from November 2, 2010. It discusses a burnout competition held at the Mount Gambier Showgrounds where Mark Schwirse took out an award for his entertaining effort with his modified Holden Ute. It also mentions that independent Member for Mount Gambier Don Pegler rejected the state government's claims that selling off plantation assets was necessary to maintain the state's AAA credit rating, citing two independent reports. Pegler argued the sale was motivated by a "city-centric 'war chest'" to acquire funds rather than debt retirement.

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    The document summarizes a local newspaper from November 2, 2010. It discusses a burnout competition held at the Mount Gambier Showgrounds where Mark Schwirse took out an award for his entertaining effort with his modified Holden Ute. It also mentions that independent Member for Mount Gambier Don Pegler rejected the state government's claims that selling off plantation assets was necessary to maintain the state's AAA credit rating, citing two independent reports. Pegler argued the sale was motivated by a "city-centric 'war chest'" to acquire funds rather than debt retirement.

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    28 views1 page

    Sale Claim Nonesense

    Uploaded by

    mossjake5915
    The document summarizes a local newspaper from November 2, 2010. It discusses a burnout competition held at the Mount Gambier Showgrounds where Mark Schwirse took out an award for his entertaining effort with his modified Holden Ute. It also mentions that independent Member for Mount Gambier Don Pegler rejected the state government's claims that selling off plantation assets was necessary to maintain the state's AAA credit rating, citing two independent reports. Pegler argued the sale was motivated by a "city-centric 'war chest'" to acquire funds rather than debt retirement.

    Copyright:

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    of 1

    Tuesday, November 2, 2010 KEEPING THE SOUTH EAST INFORMED SINCE 1861 www.borderwatch.com.au | $1.

    00

    CAR
    PROFILE
    SPORT
    CLARK
    KYE
    BUILDS
    SCREEN
    CAREER
    SMART
    YOUR LOCAL CAR
    BACK
    PAGE
    TODD
    CLAIMS
    PAGE 11 BUYING GUIDE INSIDE TODAY GOLD
    539148

    SMOKESCREEN: A
    sea of thick smoke, the
    smell of burning rubber
    and the deafening roar
    of Mark Schwirse’s
    immaculate Holden HJ
    Ute filled the Mount
    Gambier Showgrounds
    on Sunday afternoon
    during the V8 Pro Class
    burnout competition.
    Schwirse’s efforts were
    not only enough to take
    out a category win, but
    he was also awarded
    the best overall burnout
    thanks to his
    entertaining effort.
    Schwirse’s worked
    Holden was one of
    many modified
    vehicles, both new and
    old, to hit the
    showgrounds for the
    second annual
    Autofest. Rain kept
    crowd numbers down,
    but organisers have
    vowed they will return
    for a third year. Results
    and pictures page 27.
    Picture: DARREN
    ARCHIBALD.

    Sale claim ‘nonsense’


    City-centric ‘war chest’ motive for plantation assets sell-off: Pegler
    The Member for Mount Gambier rejected One of the justifications that the State
    the claims in light of acquiring two independ- Government has used for the sale relates
    JACOB
    JAC ent university reports, which indicated the to the potential downgrading of South
    MOSS
    MO sale was not necessary to retire state debt
    in a bid to secure the credit rating.
    Australia’s AAA rating.
    The credit rating is a financial indicator
    Email
    Email: jake@tbw.com.au

    FIGHT for our


    “The government’s claims that the revenue which the state requires to appear attractive
    from the sale is needed to retain the rating to potential investors.
    INDEPENDENT parliamentarian Don are not true,” he said However, two separate reports prepared by

    FORESTS
    Pegler has denounced the State Government’s “I believe it may retire some debt, but professors from the universities of Newcastle
    justification for the forward sale of ForestrySA rather go towards a big war chest to fund and Adelaide for the Public Services
    plantations, stating it is “absolute nonsense” the marginal seats in Adelaide.” Association indicate the state is not at risk
    to claim the sell-off is required to retain the Mr Pegler said the South East would not of losing the rating.
    state’s AAA credit rating and is instead aimed see any of the proceeds if the sale went ahead
    at building an election “war chest”. and the funds would be spent in Adelaide. Continued page 5

    WEATHER Mount Gambier Today - A few showers. 16o – full report page 25 TV GUIDE Page 13 COMICS Page 17 CLASSIFIEDS Pages 18-21

    November Special Display centre:

    receive FREE Privacy Mesh


    33 Crouch St South, Mount Gambier

    Phone 8725 0733


    “Your locally owned company”
    with any screen door ordered in November. Conditions apply.
    541336

    www.mountglass.com.au

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