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THE IMPERIAL BUDGET.

London, April 17. Sir Michael Hicks-Beach, Chancellor .of the Exchequer, said that they had had a wonderful year. The receipts showed Llll,O74:,OoOattdtheexpenditureL97,764,OOO. The surplus in band was the largest for 50 years. The National Debt had been reduced by L 8,000,000. He estimated the revenue for next year at L 10 1,755,000 and the expenditure at L 100,047,000. The surplus would be applied as follows : To preventing the levying of double death duties, L 200.00 0; to reduction of the land tax, L 100.00 0; to relief of the agricultural rates, L 975.00 0; to education, L 433.000. The whole .of this year's surplus will be doTOted to the Navy. April 19. First class ic vestments are firmer, owing to the Budget. Consols are at 112.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/OW18960423.2.33

Bibliographic details

Otago Witness, Issue 2199, 23 April 1896, Page 15

Word Count
129

THE IMPERIAL BUDGET. Otago Witness, Issue 2199, 23 April 1896, Page 15

THE IMPERIAL BUDGET. Otago Witness, Issue 2199, 23 April 1896, Page 15

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