NOVEL STATE FINANCING
TOMPULSQRY LQAIT OF £200,g0q.
- In the West Australian, Legislative As- ''■ sembly on 22nd November, the Colonial - Treasurer, Mr. Gardiner, in moving the Supply. Bill, said he expected the Tevenue to decrease £75,011, and expenditure to decrease £104,844. The latter amount was being obtained.by suspending sink- • ing fund payments '£186,185. * The result; would be a deficit for the year of £564,- .: 924, or £135,000 less than last year. The railway revenue would fall off £i7g,000,; put additional charges'woul?l .produce' £54,000, leaving a net railway oecreaße' of £118,QpO, He wpuld propose an in-.; creased dividend aid stamp dutt<@i P«>- ■"" ducing £100,000, and afiirther reductionin estimates by £85,000. •- Mr. Gardiner intiinated tha^ it w^» his intention to ■ introduce ■'S, measure calling" on all fire insurance companies in iha-' Stata to deposit £5000,, each" with" the,-; v State. On this amount 4£ per cent. in-, terest^would be paid. This would realise £150,000 to £200,000, to be ear-marked for the development^of primary and sec- •'■■ ondary industries, on terms, securing the: co-operation of the producer*." ' " '
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19171204.2.23
Bibliographic details
Evening Post, Volume XCIV, Issue 134, 4 December 1917, Page 2
Word Count
172NOVEL STATE FINANCING Evening Post, Volume XCIV, Issue 134, 4 December 1917, Page 2
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in