STATE EXPENDITURE
DEFICIT OF £17,000,000 TO BE FOUND FROM REVENUE (United Press Assn—-By Electric Telegraph—Copyright.) SYDNEY, East Night. The State Auditor-General reports that Departmental expenditure for the financial year ended June 30th totalled £20,318,000, whereof only £2,630,000 is provided from the Department’s earnings, leaving a balance of seventeen millions to be found by general revenue. The five millions for education was the costliest item. The report draws attention to the disparity between the cost of collection of relief tax, 45/4 per hundred pounds, and the income tax, 22/4, adding, “It seems reasonable to expect charges of this nature against relief funds should be kept as low as possible. Income tax collections amounted to £26,183,000, but the Auditor criticises the method under which too many assessments are subject to amendment, raising doubt as to the general accuracy of the assessment.
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Inangahua Times, 23 December 1931, Page 4
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139STATE EXPENDITURE Inangahua Times, 23 December 1931, Page 4
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