AUSTRALIAN FINANCE.
ECONOMIES CONSIDERED.
HIGHER TAXES INEVITABLE. CANBERRA, June 24. The Federal Cabinet is considering an extension of the rationing system to all the public service departments. A scheme of one week off in 11, with reductions Jin travelling and other allowances would save more than £750,000 a year." Increased taxation is said to be inevitable. An aggregate deficit of £9,000,000 for the Commonwealth and States is expected. As the continued State deficits have had a serious effect on Australia's credit abroad the Federal Treasurer, Mr. E. G. Theodore, has appealed to the State Governments to balance their Budgets in tho coming financial year.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19300625.2.92
Bibliographic details
New Zealand Herald, Volume LXVII, Issue 20599, 25 June 1930, Page 11
Word Count
104AUSTRALIAN FINANCE. New Zealand Herald, Volume LXVII, Issue 20599, 25 June 1930, Page 11
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in