TASMANIA.

Dominion, Volume 1, Issue 299, 11 September 1908, Page 7

TASMANIA.

EFFECT OF SURPLUS REVENUE ACT, BUOCET SPEECH..-, .- .. ... NEW LAND AND INCOME TAXES. • (bx telegraph—press 'Afeeooi'A'rtdN'—cormiQiiT.) (Rec. September; II; 1 1' aim'.); '■ ( "Hobarlij Sepje&ber 10.' ! Tho Treasurer (lfr. r |J. Urquhaii) delivered ■ his Budget statement "t'o'-nifelit." The'revenue , for tho financial year' was'"£l,oo4,ooo, which ; is £71,500 above tlie estimate. The expenditure was £912,377.'i-il!'.• ' The Treasurer hadijestimatcd the revenue for next year at £958,879, and the expenditure at £946,000; but owing to the expected falling off in tho amount to bo returned by the Commonwealth (owing, to,.tho operation of tho Surplus Revenue Act) lie now estimated that the year would.end.wjth.a.deficit of £24,000. ' , 'L l:t ! In order to meet the reduction in the returns of revenue direct taxation in the!;shape.;6f.:landaitnd; j)i-. r come taxes is proposed.'"'The: Government's programme includes 'free education.'' ' ! "" THE ACT TO,m.BEi.TESTED.. In-, . The Tasmanian Budgetilasbyear -showed' re-' • venue. .£970,843, expenditure .£893,500. The Commonwealth Government is allowed one-fourth of rovenue Formerly any unexpended' suvplirt'tif !tlie "Ffcde'' ' ral fourth" was returned to the States. Under the Surplus Revenuß'*'A"bt;'litissyd, by tKe'.'Coiitmonwealth Parliament 'last measure • is now being legally tested by the State Governments—the Commonwealth takes. power, and is oxercising it,u3o" appropriate:'its'- 6ur-' plus revenues for tspedial ::such . J .as: old age pensions. - •><>n ( ."r,