AUSTRALIAN FINANCES
FEDERAL AND STATE RETURNS.
[PRESS ASSOCIATION-— copyright. 1 Melbourne, July 2
The revenue returns show that Post Office expenditure exceeded revenue by £623.275. Commonwealth notes circulated totalled £32.500,0(10, against which there is a gal I reserve of £11,939.000. The expenditure on Old Age and Invalid Pensions for rhe year was £3,394.000. Of the £lB.OOO. - i)oo loan granted by the Imperial Government, and a subsequent £6.000.000 loan, about £14,0.)').ooo was already received. It is understood that there will be anot’.i 'r ban early to finance public works ami for other purposes. Possibly .'"r. Fisher v-ill follow the example <-i the Imperial Government by .appealing t> the small investor. Air. Fisher, in announcing the financial position, said the Coin.iii riwealth’ s difficultie s were not all visible. But for the war there would have been a surplus of £31'7,6'. 5. Victoria's revenue this year r- £lo, 141.68'. a decrease of £458.129. Adelaide, July 2. The revenue for the year was £3,995.294, a decrease of £-827 172. Brisbane, July 2.
The revenue was £7,292 658. in increase of £229,400 for I Im year just, ended.
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Bibliographic details
Hawke's Bay Tribune, Volume IV, Issue 481, 3 July 1915, Page 2
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184AUSTRALIAN FINANCES Hawke's Bay Tribune, Volume IV, Issue 481, 3 July 1915, Page 2
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