SOUTH AFRICAN BUDGET.

Press, Volume LXVI, Issue 19889, 28 March 1930, Page 13

SOUTH AFRICAN BUDGET.

deficit for current YEAR.

f jfijh IN VALUE OF EXPORTS.

ftarrKD PR ES3 association—bt electric ' TELEGRAPH—COPYRIGHT.)

CAPE TOWN, March 26,

«phe Budget shows a surplus of f#o,ooo. The estimated expenditure is i'flO 813,000, leaving a deficit for the f'_r'ent year of £I,3SS,OCO, which will • partiv met by the surplus from last yi&i, ancl also by the discontinuance of. Ti,., an tjer cent, rebate on income tax, Smntiiifc to over £300,000. The value of wool exports in 1929 cefcreased bv £2.300,000, and maize by /17860,000.

RIGID ECONOMIES TO Bfe

MADE.

y/iIEAT AND FLOUR DUTIES TO BE INCREASED. (Received March 27th, 6.55 p.m.) CAPE TOWN, March 26. Tho Finance Minister, Mr N. C. fliivGnga, hopes to meet the balance of the deficit of £425,000 by rigid administrative economies. ' Wheat and flour duties are to be increased by 6d and Sd respectively, to African farmers to compete successfully against imports ft-om Aiis-

triJlia- fx. The revenue for the coining year is expected to total £29;425,0C0. Though mi immediate and heavy reduction in receipts from diamond sources is inevitable, the Minister anticipates an ekrly recovery as the result of the arangeihWit recently reached with the producers. ,