New South Wales Politics.

Feilding Star, Volume XVI, Issue 263, 10 May 1895, Page 2

New South Wales Politics.

I FREETRADE PROPOSALS. (Per Press Association). Sydney, May 9. The Hon. G. H. Reid, Premier and Colonial Treasurer delivered the Budget this evening. He estimated tbe aggregate deficiency at £1,322,000, which is a reduction of £143,000 on the previous estimate. It was intended to amalgamate the Government Savings Bank and the New South Wales Savings Bank, and he expressed the hope without committing the Government that such amalgamated Bank would ultimately become the sole bank of note issue in the colony. The Government, Mr Reid announced, intended to devise a scheme for placing the unemployed on the laud, and thus relieving the present difficulty. This Day. The income tax proposed bj r the Reid Government is to be 6d in the £, and is expected to realise £108,000. In closing his speech last night Mr Reid referred to the question of Federation, and said he hoped, after disposal of the measures raised by his Financial Statement, to invite Parliament to take practical steps towards Federation. Members of the Freetrade party consider the statement the best ever delivered in the House. Mr Dibbs thinks it is an absolute failure. Sir H. Parkes ' says that when calmly and dispassionately read it causes disappointment by reason of its mistaken assertions and its general defectiveness as an exposition of the colony's finances.