HEAVY DEFICIT.
LANG FINANCES.
Nine Months' Return Shows £9,704,704 Shortage.
EXCHANGE TO AID FARMER.
(United P.A.—Electric Telegraph—Copyright)
(Received 11 a.m.) SYDNEY, this day. The Stevens-Bruxner Government has published figures of the State's finances for the nine months of the present financial year. They reveal that the expenditure exceeded the revenue by £9,704,704. The revenue amounted to £11,112,330 and the expenditure to £20,817,034. Mr. Stevens, at Mudgee, announcing the policy of the United parties in respect to urgent rural problems, promised that the Government would co-operate with the other Governments in Australia in a scheme for an increase of the overseas exchange rate by means of which prices received in Australia for wool, meat and butter would be enhanced by £3,000,000 this year.
The members of the State Labour party, Lang supporters, claim to have candidates fighting 85 out of the 87 contested seats in«, the forthcoming general election in New South Wales.
Some of the candidates, described as Independents, are said to be really Lang supporters.
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Bibliographic details
Auckland Star, Volume LXIII, Issue 124, 27 May 1932, Page 7
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166HEAVY DEFICIT. Auckland Star, Volume LXIII, Issue 124, 27 May 1932, Page 7
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