FEDERAL FINANCE
SMALL DETFICIT FOR THE YEAR
SIX"MILLIONB OF ACCUMULATED
SURPLUS
(TOMB PFtSSS ASSOCIATIOK.-rCOfTftMCT.)
MELBOURNE, sbh July. In the House of' Representatives, the Federal Treasurer, in the course of his Financial Statement, said the expenditure for 1921r22 totalled £65,118,265, and the receipts were £64,913,085, leaving a deficit of £205,180. The estimated surplus for 1920-21 was £6,618,327. At the close of this financial year it was found that practically the whole of that eurplus remained in the Treasury^; therefore, the accumulated surplus was now #6,413,147. : _ Mr. Chariton intends to mo>e a motion, of censure on the Government in the form of an. amendment to the Ad-drese-in-Reply, urging more liberal old" age and invalid pensions. He will also attack the Government on the sugar question. (Received July, 6, If) a.m.) MELBOURNE,'This, Day. 'As.Mr. Charlton's motion is regarded as a motion of no-confidence, an adjournment of the Houaa was made till to-day. The Senate has. adjourned till .Wednesday.-. , ■'' ' .
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19220706.2.38
Bibliographic details
Evening Post, Volume CIV, Issue 5, 6 July 1922, Page 7
Word Count
155FEDERAL FINANCE Evening Post, Volume CIV, Issue 5, 6 July 1922, Page 7
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