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AUSTRALIAN.

Sydney, September 19. The Budget shows the revenue has increased by £176,000 over the preceding year, while expenditure is £157,000 over estimate of £2,310,000 of previous year, which is the largest expenditure since 1886. Mr Playford, m his financial statement, referred to the gradual reducing of the deficit, and the continuous surplus on current transactions. He put the wheat yield at eight bushels per acre, though experts expected 10. He considered the outlook of the colony was bright. WHOLESALE TAXATION Brisbane, September 19. The Financial Statement proposes to impose a duty of 14s per gallon on spirits, and 12s excise duty on Queensi land spirits, a dividend tax of one shilling per £ on all Companies having head offices m Queensland, and a similar tax on dividends of Companies whose headquarters are outside the colony, to be charged on so much of dividend as may be due to proportion of capital employed m Queensland, and finally a dividend duty oj\ all Insurance I Companies at the rate of £1 for every £100 of premiums received m the i colony. SHIPPING Hobart, September 19. j The Arawa, from Capetown, arrived at eight last night, and was to sail for j New. Zealand at eleven this morning. k"Jhe, has 92 passengers for Australia and 61 for New Zealand. Madame I?a: ti, the well-known contoalto, is a, passenger by her to Melbourne. In 9Qnsequen.ce of the sjbrike the vesse.| failed at Capetpwrj instead of here.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18900919.2.7

Bibliographic details

AUSTRALIAN., Ashburton Guardian, Volume VII, Issue 2522, 19 September 1890

Word Count
242

AUSTRALIAN. Ashburton Guardian, Volume VII, Issue 2522, 19 September 1890

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