N.S. WALES PUBLIC DEBT INCREASES
Total Now £303,750,000.
COSTLY OFFICE BARRICADE
Sydney, Sept. 23
The Auditor-General’s report concerning the finances of New South Wales states that the public debt during the year increased by £23,750,000, bringing the total of the State public debt to £303,750,000. The receipts of the Unemployment Relief Fund for the 12 months were over , £6,000,000, compared xvith £4,250,000 for the previous year. Interest payments amounted to £15.726.989.
Altogether 83 per cent, of the unemployment relief tax was spent on food relief. The Family Endowment Fund failed to meet the claims, and expenses made in it oy £1,068,003, and at June 30 it was £2,498,978 overdrawn.
Income tax decreased £2,772,334, and at the close of the year £1,413,699 was overdue, chiefly because of the barricading of the taxation office during the conflict with the Federation Government. Between 25 and 3 0 men were employed for five weeks at £6 10s each to guard tlie office.
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Bibliographic details
Bay of Plenty Times, Volume LXI, Issue 10923, 24 September 1932, Page 3
Word Count
158N.S. WALES PUBLIC DEBT INCREASES Bay of Plenty Times, Volume LXI, Issue 10923, 24 September 1932, Page 3
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