THE VICTORIAN BUDGET.
SURPLUS OF
IMPORT DUTIES INCREASED.
Melbourne, July 30. Mr Gillies, Premier and Colonial Treasurer, delivered his Budget speech this evening. It is considered highly satisfactory. The receipts during the year were and the expenditure .£8,170,000, leaving a surplus of £1,609,000. The revenue for next year is estimated at and joe expenditure at The Government intend to dispose of' the surplus by giving grants and bonuses to encouragement of agricultural and industries, also to establish techweal, agricultural and military colleges, develop rabbit extermination, and give additional grants to municipal bodies and other existing institutions. With regard to the tariff, tea will be reduced a penny per lb, and coffee will come in free. Cereals will be increased to 3s per cental, and green fruit to 2s. It is not proposed to increase the stock tax. The postage rates will be reduced to ldwithin the colony. The duty on all dairy produce will be increased, but the amounts are not available for telegraph.
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Bibliographic details
Auckland Star, Volume XX, Issue 180, 31 July 1889, Page 3
Word Count
164THE VICTORIAN BUDGET. Auckland Star, Volume XX, Issue 180, 31 July 1889, Page 3
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