NEW SOUTH WALES.

Hawera & Normanby Star, Volume XVIII, Issue XVIII, 23 October 1912, Page 7

NEW SOUTH WALES.

BUDGET FIGURES

BiT CABLE—PEBSS ASSOCIATION—COPYRIGHT.

(Received Oct. 23, 1.55 p.m ) SYDNEY, Oct. 23. The Budget showed the railway and i^7T&ft earnS, ng * f°r c year as ±»,»^,«oo, and alter paying working expenses the net return on capital invested was £4 10s 4d per cent. Deposits in the Government Savings Bant increased by 2* million, the total "balance to credit of 435,000 depositors being £18,612,000.

In the Estimates the proposed expen. ■diture on public works totals £6,113,----1/0, including £2,427,000 for new railways and duplications o"f rolling stock. "The' Treasurer anticipates difficulty in raising the loan money required, but Jias every confidence that he will be able to provide six million. He proposes to raise £200,000 in new taxaXion from probate and stamp duties and £70,000 from the readjustment of income tax.

Last year 7734 buildings were completed in Sydney and suburbs at a cost *>f £4,495,017, which is a record. The total overseas trade was '£59,504,829, an increase of £4,230,385, and the excess of exports over imports was nearly £5,000,000. The butter exports "increased Jby 6,606,0001bs . The Treasurer anticipated a decrease in the wool clip ©whip; to the drought, but a satisfactory harvest.