NEW SOUTH WALES BUDGET

New Zealand Herald, Volume XLIX, Issue 15132, 24 October 1912, Page 7

NEW SOUTH WALES BUDGET

! , A SMALL SURPLUS. ; ]' Fi : . ' NEW TAXATION AND LOANS. , . .. _ . - - > •■ By •:-■Jfelesriph.— .r ABflociaUon.- T^pyriKht.i ;//,-;/::> ■ SYDNBT,' October 23. The Budget shows a revenue of £15,776,000 and-an expenditure of £15,732,000. _ The estimated revenue for the current year is £17,035,508, and the estimated expenditure £17,001,200. . i - The' railway and ■ tramway earnings, for ! the year were £8,872,866, After paying; working .expenses :• the / net .return ;: on the capital invested: is £4 .ICs 4d per cent.. i The •deposits in the '• Government Savings Bank v increased :by 2i millions, a the ... total? balance to.the credit of 435,000 depositors being £18,612,000. .' The Estimates propose an . expenditure on public works totalling £6,113,170,. in. cluding £2i427,00Q for new 'railways^ duplications and rolling stock. " i The i Treasurer anticipates no difficulty in raising the loan money required, and has every confidence in feeing.able, to provide six millions.' ,; He proposes to/ raise £200,000;. of new taxation from probate and Btamp duties, and £70.000 from thereadjustment of the income tax., , -•'':•; Last year 7734 buildings were completed In/Sydney, and suburbs at a cost of £4,495,017, a record. : : The--total overseas ; trade was an increase of £4,230,585. : The excess of exports over imports .wan. nearly .five -mil* i lions. / Butter.:.' exports- >;increased ' by. J £6,606,000. The Treasurer anticipated ; a | :decrease in the wool' clip, owing to the drought. . • /