TASMANIAN FINANCE.
Received July 25, 11.21 a.m.
Hobart, July 25. In the Assembly the Treasurer delivered his Budget Speech. The revenue for the year totalled £826,000, and expenditure £870,000. It is proposed to make retrenchment to the extent of £33,000. It is estimated the revenue next year will be £861,000, and the expenditure £860,000. In tbe proposed taxation, it is suggested there should be re-imposi-tion of receipt stamp duty, the substitution of a house for income tax, tbe assessment of incomes of non-house-holders, and taxation of trading companies with headquarters outside the State. The Treasurer anticipates obtaining £130,000 by financial adjustment, including £25,000 from inoreased railway rates.
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Bibliographic details
Hawera & Normanby Star, Volume XLII, Issue 7523, 25 July 1902, Page 2
Word Count
107TASMANIAN FINANCE. Hawera & Normanby Star, Volume XLII, Issue 7523, 25 July 1902, Page 2
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