THE N.S.W. BUDGET.

Manawatu Times, Volume LXV, Issue 1454, 4 November 1911, Page 5

THE N.S.W. BUDGET.

PRODUCTION OF PRIMARY INDUSTRIES.

(Preea dissociation—By Telegraph.— Copyright). Sydney, Yesterday.

In the Budget the production of primary industries is as follows: Pastoral £21,028,000; dairying £4776,000; agricultural £9,489,000; mining £8,459,000; forestry and fisheries £1,108,000; minor industries £2,119,000; increased value of raw material in process of manufacture £16,794,000; total £39 5s 7d per capital as compared with £24 8s 3d six years ago. The wheat yiel dis twenty-eight million bushels; butter manufactured 72,000,625 pounds, a record; exports, 27,047,481, valued at £1,223,518. For the first time in history Government is going to take the surpluses into the Government business, undertaking out of revenue to place them in the public works fund for use for developing the country, not for saving taxation. The Budget indicated fresh taxation for the purpose of establishing a sinking fund to pay the public debt. The Treasurer did not believe in leaving all to posterity. Mr Wade was glad to hear of the prosperity, but he depreciated an increase of taxation.

The Budget last year received £l,405,371 less from the Commonwealth than-in the preceding year. The sale of funded stock in Sydney was £4,963,643. It is gratifying to know the State is able to raise locally all the money required for loan works, The Harbor Trust showed a record of work in the western channel. Soon the minimum depth at lo wtide will be 37 feet which will enable deeper draught vessels to navigate with safety. '> The building also is easily a record. Notwithstanding this increase, estate agents cannot meet demands for house. The prosperity is shown bv the fact, of nearly £400,000 charged for water and sewerage rates, only £7l is outstanding. The balance at the credit of depositors in the savings bank is £16,026,132, an increase of over £2,00.0,000, the largest increase in the history of the Banks. Advances made to settlers are being promptly repaid, The production of wool, wheat, and butter, showed higher results than in any previ'.ius year. Tlio sheep <it the Gild of 1910 numbered 45* million.