AUSTRALIAN POLITICS.
SOUTH AUSTRALIAN FINANCE.
Press Association. Electric Te!«jfroph. Copyright*
Brisbane, Ootober 13.
In the Assembly the Treasurer outlined the financial policy. He estimated the revenue for the year ending June next at £3,495,000; expenditure, £3,687,000; deficit, £192,000. As the House and country were of opinion there should be no fresh taxation at present it was clearly their duty to cut down expenditure. The Government at present had no intention of placing on the market the unsold portion of the last loan, but preferred using the money in hand on only the most needful and reproductive works. He believed that with rigid economy, and an expected early improvement in commercial and industrial conditions, they would be able to inaugurate a policy of constructing needful reproductive works out of revenue, and save / the State from the fate into which the recent borrowing policy was dragging it. They had been discounting the future too largely, and must now cut their coat according to their cloth.
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Bibliographic details
Marlborough Express, Volume XXXVII, Issue 244, 15 October 1903, Page 3
Word Count
163AUSTRALIAN POLITICS. Marlborough Express, Volume XXXVII, Issue 244, 15 October 1903, Page 3
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