REVENUE INCREASED
Commonwealth Finance THREE MONTHS’ SURPLUS Canberra, Oct. li. For the first three months of the financial year the excess of Commonwealth revenue over expenditure was £2,619,000, the revenue being £18,299,000, and the expenditure £15,680,000. Compared with the first quarter of last year, the revenue is up £2,349,000-. OVERSEAS TRADING Exports Down, Imports Up (Rec. October 11, 8.40 p.m.) Sydney, Oct. 11. Returns of Australia’s overseas trade during the first two months of the present financial year reveal a heavy decline in exports and a heavy increase in imports. The Acting-Commonwealth Statistician, Professor Giblin, believes that a rise in the exchange rate will be the natural corollary. The Commonwealth Bank Board, which is now meeting, will consider the exchange rate.
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Bibliographic details
Dominion, Volume 26, Issue 15, 12 October 1932, Page 9
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121REVENUE INCREASED Dominion, Volume 26, Issue 15, 12 October 1932, Page 9
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