BIG RAILWAY PROJECTS.
JSiiJW SIEEBXAN UxTE.
ESPENDITUBi; OF 36 i
MTTiIrJOIfS,
ST. EETEESBUEG, March 23. '
2L ELokovtsoff (Minuter for Finance) |l has informed the Budget Conunittee of the Douma. that -new loans are I able.
He emphasised :the political indispensafaiiity of constructing -within Jive years a second trans-Siberian line and the Amur railway, totalling £36,000,000. The
J extraordinary -expenditure upon -national defence within the next five years would, he estimated, total £32,600,000. M. Sokovtsoff escplained the tendency of ordinary expenditure to increase in the case of countries passing from an absolute \regime to national representation, and foreshadowed an income tax.
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Bibliographic details
Auckland Star, Volume XXXIX, Issue 72, 24 March 1908, Page 5
Word Count
100BIG RAILWAY PROJECTS. Auckland Star, Volume XXXIX, Issue 72, 24 March 1908, Page 5
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