ADELAIDE.
August 17
The Hon. L. Glyde, Colonial Treasurer, made his Financial Statement in the Legislative Assembly last night. He showed that the revenue during the last year amounted to £2,030,000, and he estimated the revenue for the present year at £2,127,000, and the expenditure at £2,075,000, including £474,000 payable as interest on the public debt. The estimates of revenue include £550,000 from Customs, £53,000 from land, and £445,000 from railways. The railways are yielding 3£ per cent, on the cost of construction. The public debt amounts to £11,250,000. It is proposed during the year to raise a new loan, to bear interest at the rate of 3 per cent. The Treasurer further proposes to abolish the duties on tea, coffee, cocoa, chocolate, cornsacks, and woolpacks, but on the other hand he announced the intention of the Government to impose a tax of sixpence in the £1 on land and property. Mr Glyde, in concluding his speech, hinted at the probability of an international exhibition being held in Adelaide in about five years' time. Homeward Australian mails, which left Melbourne on tbe sth July, were delivered via Brindiei to-day.
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Bibliographic details
Daily Telegraph (Napier), Issue 3163, 18 August 1881, Page 3
Word Count
189ADELAIDE. Daily Telegraph (Napier), Issue 3163, 18 August 1881, Page 3
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