FEDERAL FINANCES
SUBSCRIPTIONS TO LOAN FOURTEEN MILLIONS PROM NEW TAXATION (United Ptosr Association—By Electric Telegraph—Oopy right) SYDNEY 22nd July. Nearly £9,000,000 has already been subscribed to the Federal £10,000,000 loan issue, which has been open for five weeks and closes next Monday. (Received 23rd July, 9.20 a.m.) SYDNEY, Tnis Day. Copies of the Federal estimates of receipts and expenditure for 1930-31 were circulated in the House of Representatives. Revenue is estimated at £65,585,770, of which £14,000,000 is expected to bo derived from new taxation. It is proposed to increase Government costs bv £1,00,000. • Overseas trips will cost £14,000, political expenses £77,000, League of Nations £30,000, iron and steel bounties £500,000...
The principal feature of the Federal budget debate was the address by tho Leader of the Opposition, Mr Latham.; He gave details of his proposal to reduce the estimates by £4,000,000. These included the withdrawing of £1,000,000 for unemployment relief, and limiting the maternity bonus to persons receiving not more than £6 per week.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM19300723.2.31
Bibliographic details
Nelson Evening Mail, Volume LXIV, 23 July 1930, Page 4
Word Count
164FEDERAL FINANCES Nelson Evening Mail, Volume LXIV, 23 July 1930, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Nelson Evening Mail. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in