REVENUE INCREASE
e British Funds Improve British Official Wireless Service. RUGBY, March 1. A brighter tone prevailed on the stock markets this morning, business being stimulated by the news of indus- , trial progress. British funds showed • renewed firmness on the latest revenue , returns The Civil Service and Revenue De- ( partments’ estimates have been issued. The former’s estimate of £430,210,024 , shows a net increase of £15,000,000, i compared with 1934. The new figures ( are not final, as there will bo additions for beet, sugar and meat subsidies. ( Customs and excise revenue is csti- ( mated at £5,033,400 compared with ( £5,489,100 last year, inland revenue £7,527,902 compared with £7,190,045 ( and Post Office revenue £04,070,000 compared with £61,557,000 last year. _ I INDIAN SURPLUS 1 Income-Tax Reductions a LONDON, March 1, r "The Times” Delhi correspondent says: Sir James Grigg, Finance Mem ber, introduced the Budget, anticipating a surplus of £1.125.000 for the coming year, of which £1,020,000 would be offset by income-tax reductions. The export duty on raw skins will be abolished, leaving a nominal surplus of £45,000 to be used for Bihar earthquake relief. It is anticipated that the 19.14 •>5 1 surplus will be £2.889.000 as a result 1 of improved customs revenue, after al- 1 lowing for nai cut restorations costing ' i cs I a non. i
N.S.W. FINANCES • tuts May Be Restored - - ( SYDNEY. Mareli L | Replying to a public sen ice deputation. the Premier of New South Wales. | Mr IL S. B. Stevms, said that the el- i feet upon the Buget for this year of an I easing in the public service salary cuts ■ in grades between £ISO and £3OO a 1 year would be examined for the guid- 1 at.ee of the Government. Mr Stevens added he believed that if the upward trend of business continued. and the public accounts main- ' tained the steady improvement of the , last two years, the Government would j be .abb', after July 1. to niodifv sub- ' stnntially the provisions of the salaries ’ reduction IcgWatVm. (
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Hawke's Bay Tribune, Volume XXV, Issue 67, 2 March 1935, Page 7
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332REVENUE INCREASE Hawke's Bay Tribune, Volume XXV, Issue 67, 2 March 1935, Page 7
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