AUSTRALIAN FINANCE.
« THE TRANSFERRED PROPERTIES. Uy Telecranh-'Press Association—Oonjrlati! Sydney, July 3. The Federal Government offers tho State 3 per cent. interest on properties transferred to the Commonwealth at the inauguration of Federation. All tho States decline tho amount. Victoria, is'asking 31 per cent., New South Wales 3.58 per cent., and the other States 3J. Considerable correspondence is proceeding." STATE AND COMMONWEALTH. Sydney, July 3. The Federal Treasurer has paid ■ tho State .£1:28,401 in settlement of tho per capita return for tho year. This is <£21,781 less than was expected. The Hon. A. C. Carmichael (Acting State Treasurer) stated that the return was based on the recent census instead of on tho Federal Statistician's estimate on December 31. THE FEDERAL REVENUE. ffiec. July 1, 1.0 a.m.) Melbourne, July 3. The Federal revenue for tho year ending on June 30 was £18,706.003, as against the. estimate of <£16,811,629. The expenditure was ,£16,027,170, leaving a surplus of ,£1,869,823. The Customs receipts totalled ,£12,979,606, and the postal revenue ,£3,901.370. Tho expenditure included:! Payments to the States, ,£5,198,i2i; defence, ,£1,386,852.
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Bibliographic details
Dominion, Volume 4, Issue 1170, 4 July 1911, Page 5
Word Count
175AUSTRALIAN FINANCE. Dominion, Volume 4, Issue 1170, 4 July 1911, Page 5
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