SOUTH AUSTRALIA.

Hawera & Normanby Star, Volume LIII, Issue 9435, 6 September 1907, Page 5

SOUTH AUSTRALIA.

THE STATE'S BALANCE-SHEET. [press association.! ADELAIDE, September 5. Tihe Budget was delivered to-jiight. The Treasurer estimate® to have a credit balance on June 30th next of £48,424. The estimated revenue for the financial year is £3,135,329, and the basis of calculation is a nine bushels harvest, against 11 bushels harvested last year. ■ The prospects for the coming year are particularly good. • The ■outting up of large estates for closer settlement had proved exceedingly profitable, and railway rej venue had increased £225,000 compared with the previous year. Tbe net income was equal to 5.15 per cent of the capital cost. The Government wouM reintroduoe the progressive land tax, and! intended to 6pend £100,000 on works out of revenue. During the year ending June .next, the Treasurer estimated' 'he would have paid in redemption, of loains>, or in construction works out of revenue, the sum of, £980,000, exclusive of the stmplus which was expected at /that date. A prominent fea1 ture of the Budget was the establishment of a minimum wage of 7s per day for } all manual laborers ian the employ of the State. The Treasurer hoped private! firms would follow this example. I