ESTIMATED REVENUE.
DRASTIC ECONOMIES NEEDED. TAXATION INCREASE. There, is an estimated lenbencd revenue yield of E 1,008,000 in the Dominion’s finances for the current year. The loss on the railways is £1.230,000, Customs revenue will field about £1.000,000 less than last year, and certain state services: will require the expenditure of an additional £500.090'. Drastic economies in administrative eost-s, the curtailment of subsidies and grants on bequests and voluntary eootnbutiomq and some additional taxation will be .necessary to balance the national,ledger. . A special independent commission wiil be set up to investigate felly the Railway Department’s activities and advise “•« Government where economies can be effected. These are the main pointe from a comprehensive review of the financial portion of the JJomimon, together with an outline of the methods to be used in solving the problem, issued last night by Mr. Forbes,
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Bibliographic details
Otaki Mail, 30 May 1930, Page 2
Word Count
140ESTIMATED REVENUE. Otaki Mail, 30 May 1930, Page 2
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