NEW SOUTH WALES FINANCES.
A LARGE DEFICIT.
Press Association—By Telegraph-Copy_i_hfc. Sydney, February 1. Mr See, Colonial Treasurer, delivered his Budget speech to-night. He said the - deficiency amounted to about £1,200,000, against a deficit estimated by Sir G. K. Dibbs at a million and a quarter. Treasury bills to cover the deficit will be issued, but only sold for investment in Trust funds. The floods in the Northern rivers, and the commercial and financial depression had affected tbe revenue to au alarming extent. The receipts fell £767,000 below the previous year. Tbe savings on votes which usually came to a quarter of a million, had amounted to £800,000, showing iudicious retrenchment had been carried out. Tbe revenue for 1894 would reach £9,851,000, and the expenditure £9,728.000. Tbe sum of £175,000 had been set aside during tlie year as a sinking fund to reduce the public debt. He estimated the surplus for 1894 would amount to £47,000.
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Bibliographic details
Press, Volume LI, Issue 8708, 2 February 1894, Page 5
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155NEW SOUTH WALES FINANCES. Press, Volume LI, Issue 8708, 2 February 1894, Page 5
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