ANOTHER DEFICIT
South Africa’s Budget WHAT WAS PAID OUT REVENUE MUST BE RAISED ITEMS TO BE TAXED GREAT INTEREST SHOWN By Telegraph—Press Assn— Copy righf (Aust. and N.Z. Cable) (Received March 24, 10.15 a.m.) Capetown, Mai .re;’i 23. Exceptional interest was taken in the presentations of the Budget. The Assembly was packed with members of both chambers and the public. The Finance Minister denied rumour s t bal a policy of devaluation wa 3 probable. The Hertzog Government refused to launch the country on. a rake’s progress. Jt was estimated that nine millions sterling bad been, sent overseas over and above the ordinary requirementsTHE SHORTAGE Including a. deficit of £900,000 from the previous year and a short. age of two millions on the estimated revenue, the deficit to be met to £3.735.000. EXTRA TAXATION Extra taxation provides £3,535.000, including imposts on the gold industry, ru surtax of 5 t° P°r cent o n fixed interest, import duties on farm machinery, spirits and ten.
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https://paperspast.natlib.govt.nz/newspapers/FS19320324.2.57
Bibliographic details
Feilding Star, Volume 9, Issue 3679, 24 March 1932, Page 5
Word Count
163ANOTHER DEFICIT Feilding Star, Volume 9, Issue 3679, 24 March 1932, Page 5
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