WEST AUSTRALIAN FINANCE.
A HEAVY DEFICIT. By Telegraph.—Press Association.—Copyright. Perth, December 13. Tun Treasurer (Mr. Rason) delivered his Budget last night. He showed that the year had closed with a debit balance of £120,000. The estimated revenue for the present year was £3,635,000, and the expenditure £3,721,000, leaving a deficit of £86,000. In 1900 tho indebtedness was £63 10s per head, and now it was £61 9s, though £5,000,000 had since been borrowed. The loan authorisations had been exhausted and further authorisation would bo necessary for works which hitherto had been undertaken from revenue. There could be no doubt of the permanence of the gcldfields, ■ but as only a little of the auriferous area had been scratched over, the prospector must be granted reasonable assistance. The agricultural industry was prospering, and the railways had returned a net profit for the year of £15,000.
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New Zealand Herald, Volume XLII, Issue 13049, 14 December 1905, Page 5
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143WEST AUSTRALIAN FINANCE. New Zealand Herald, Volume XLII, Issue 13049, 14 December 1905, Page 5
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