ADVANCE VICTORIA.
A PROFITABLE YEAR
A SURPLUS WITHOUT A DEBT.
Melbourne, Sept. 14. In the Assembly the State Treasurer delivered his Budget. The revenue is £9,142,534, which is £177,869 in excess of the estimate. The expenditure was £9,117,212 or £176,635 in excess of the estimate.
The railways surplus was £262,210 and the State coal mine surplus £15,578. The interest received on advances to land purchase, water trusts, etc., exceeded the interest payable by £47,822. The Treasurer claimed that these figures showed that there was no Victorian public debt.
The overseas trade amounted to £38,190,842, an increase of 20 per centum, in three years.
The State’s production amounted to £43,181,777, an increase of 20 per centum.
The bank deposits were £17,272,000 and increase of £2/10 '- per head in three years. The credit foncier system proved highly successful. The estimated revenue for the current year is £9,686,000 and the expenditure £9,656,424.
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Bibliographic details
Hawke's Bay Tribune, Volume I, Issue 230, 15 September 1911, Page 5
Word Count
149ADVANCE VICTORIA. Hawke's Bay Tribune, Volume I, Issue 230, 15 September 1911, Page 5
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