THE FEDERAL BUDGET.

Auckland Star, Volume XXXV, Issue 250, 19 October 1904, Page 4

THE FEDERAL BUDGET.

MELBOURNE, octoberu The Federal Treasurer (&_.. g/" Turner) has delivered his He takes a hopeful view 0 f eraf" trade prospects. The total reveaL _! 1903-4 was £11,631,056, of wl_4 -* toms contributed £9.103,758 SBdt_, office £2.500,000. The revenue to** ceeded the estimate by £64.000 Til*" timated revenue for the current _!? *** £11-570,000. TheCustnmsduty^e r ii_• of the population amounts to £2374* the return of surpluses to the'st-r-* while New South Wales, South A_stralia gained largely; QiJz land and Tasjnania lost expenditure for last year was £__»_? being £67,000 below the estu_rte?is the current year the expenditure fe - mated at £4.433.000. "** (Received 10.4G a.m.) MELBOURNE, thk 3» ■ The Federal Treasurer esrh___- a. surplus to be returned to the States fe! the current year at £7,138.000. a ami off of £243,000, a serious matter ftH_[ States. In the Treasurers own opi-a the success of federation depends m«! the surplus being divided States on a basis population. R_ have liked to see uniform penny post* within the Commonwealth, but thvwf, of revenue prevented the change at»-. ent. The imports oversea were _ £37,811,000. and the exports of mfo., at £45,578,000. - '