QUEENSLAND FINANCE.
A DEFICIT. United Press Associatioa-tßy Electric Telegraph—Copyright. (Received August 2, 12.44 a..m) [; BRISBANE, August 1. The Financial. Statement shows that the revenue amounted, to which is short of the estimate by £267,000, due to drought and other causes, which reduced the revenue and added to tho expenditure. Tho latter amounted to £4,855,000. The deficinecy will be covered by Treasury bills with ten years' currency. No action will be taken regarding tho imposition of income tax until after the Federal tariff has been passed. There will be no further taxation 'at present, except to increase the stamp duty on receipts to a penny on sums of from 10s up to a pound and twopence above that. The revenue next year is estimated at £3,908,000 and the expenditure at £3,887,000.
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Bibliographic details
Lyttelton Times, Volume CVI, Issue 12569, 2 August 1901, Page 5
Word Count
130QUEENSLAND FINANCE. Lyttelton Times, Volume CVI, Issue 12569, 2 August 1901, Page 5
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