how much did singapore sell christmas island for
Christmas Island At Australia's request, the United Kingdom transferred sovereignty to Australia, with a M$20 million payment from the Australian government to Singapore as compensation for the loss of earnings from the phosphate revenue.[22] The United Kingdomâ€™s Christmas Island Act was given royal assent on 14 May 1958, enabling Britain to transfer authority over Christmas Island from Singapore to Australia by an order-in-council.[23] Australia's Christmas Island Act was passed in September 1958 and the island was officially placed under the authority of the Commonwealth of Australia on 1 October 1958.[24]