THE VICTORIAN BUDGET.
I UNITED FRRSS ASSOCIATION. I Melbourne, 19th July. Mr. G. Dowries Carter, the Colonial Treasurer, in his Budget, attributed the doprcssion to tho lownesß of the prices of the staplo products. The revenue for the past year was .£6,963,000, of whioh £733,000 bad beon raised by means of Treasury bills ; and the expenditure had been .£8,183,000. The revenue for the ensuing year was estimated at £7,343,000. and the estimated- expenditure at £7,623,000. Ketrenohment was to be carried on with a firm bond. Fresh taxation was rendered necessary, and an Income Tax similar to that in operation in New Zealand would be imposed; also a 3 per cent, primage duty on goods on which the duties were now under 25 per cent. ad valorem. In concluding, the Colonial Treasurer stated that he was convinced the colony would soon rebonnd into its former condition.
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Bibliographic details
Evening Post, Volume XLVI, Issue 17, 20 July 1893, Page 2
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145THE VICTORIAN BUDGET. Evening Post, Volume XLVI, Issue 17, 20 July 1893, Page 2
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