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THE BUDGET PROPOSALS.

A FORECAST, [From Our Parliamentary Reporter.] WELLINGTON, June 25. Though the Financial Statement is to be delivered to night, Ministers decline to be drawn in any way as to the nature of their proposals, and, in answer to the numerous inquiries which have been put to them, they invariably return tho stereotyped answer that it contains nothing new. Your readers will naturally look for some forecast of tho Treasurer’s Statement; and, in order that they may bo in no wise disappointed, I intend tc speculate, in the hope that my prognostications will prove not to be far wide of the mark. In tho first place, then, I am prepared to find that the Financial Statement this year will be remarkable for its brevity. The Property Tax question will receive considerable attention, and the Treasurer will doubtless propose exemptions on machinery and ask for a piovision for annual reassessments in individual oases where the value of property has materially changed since the period of triennial valuation. lie the exodus, wo shall probably bo told that this has been occasioned by the cessation of public works, and that it is not so serious as appears at the first blush, for there has really been an increase in the numbers of those engaged in agricultural and industrial pursuits. Tho necessity of pushing on the Gfcago Central Railway will be recognised, and a surplus of about L77.00H will be shown, of which about two-thirds are to be applied to paying off the deficiency bills issued a couple of years ago. I believe that these prove to be the features of this year’s Budget,

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https://paperspast.natlib.govt.nz/newspapers/ESD18890625.2.20

Bibliographic details

THE BUDGET PROPOSALS., Issue 7942, 25 June 1889

Word Count
272

THE BUDGET PROPOSALS. Issue 7942, 25 June 1889

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