IMPROVEMENT SHOWN
NEW SOUTH WALES FINANCES.
FIGURES FOR THREE MONTHS, SHORE REVENUE, LESS EXPENDITURE. (United Press Association—By Electric Telegraph.—Copyright.) Received October 12, 10.5 a.m. SYDNEY, Oct. 12. An improvement in the State finances for the first quarter is revealed by the Treasury figures. The expenditure exceeded the revenue by £1,599,678. The revenue totalled £11,929,316, an increase of £2,301,931 compared with the same period last year, while the expenditure amounted to £13,528,994, a (decrease of £3,259,065. AUSTRALIA’S TRADE. SYDNEY, Oct. 11. Returns of Australia’s overseas trade during the first two months of the present financial year reveal a heavy decline in exports and a heavy increase in imports. The Acting-Commonwealth Statistician, Professor Giblin, believes that a rise in the exchange rate will be the natural corollary. The Commonwealth Bank Board, which is now .meeting, will consider the exchange rate.
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Bibliographic details
Manawatu Standard, Volume LII, Issue 268, 12 October 1932, Page 7
Word Count
138IMPROVEMENT SHOWN Manawatu Standard, Volume LII, Issue 268, 12 October 1932, Page 7
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