AUSTRALIAN BUDGETS.
By Telegraph.—Frees Association.—Copyright. Hobart, October 15. The Financial Statement was delivered last night. It shows a gotiaral Increase of revenue from all sources. The Colonial Treasurer stated that the colony is more than Convalescent—that she is vigorous. The Government proposes to I‘edtlCti the tarllT wherever benefit can bo done to the people withovlt injuring the revenue, The Income Tax Act expires by effluxion of time, and the Government proposes to renew it under the title Of a Wealth I'uS. The revenue for l8f)3 is estimated at .£352,000, and the expenditure at .£790,000. The total deficit as at the end of December, 1887, was Jti 13.000, but the Treasurer estimates that by December, 1898, it will have been reddeed to 91281,000. Syonkv, Octobor 13, The'treasurer estimated tluSexpundituio fot the current year at >8i),382,0j9, a ds’credso, on tho past year’s estimate of ■£122,000. Ho expects a surplus next year of .£59,000. • ;At the close, of .the Treasurer’s speech, Mr Lyne, Leader of the Opposition, occupied the. House to the hour for rtdjodw pjpht in fierce denunciation, declaring that iievor before had snob a piece of tricky work been carried out,
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Bibliographic details
New Zealand Times, Volume LXVI, Issue 3259, 16 October 1897, Page 3
Word Count
190AUSTRALIAN BUDGETS. New Zealand Times, Volume LXVI, Issue 3259, 16 October 1897, Page 3
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