FEDERAL PARLIAMENT THE BUDGET.
MELBOURNE, August 22. The Treasurer (Sir John Foirest) delivered his Federal Budget this afternoon. The revenue for the year was £11,460,000. Customs and excise yielded £180,000 above the estimate, and the post office £70,000 more than the estimate. The total revenue exceeded the estimate by £72,000. Stimulants and narcotics yielded £4,281,000. The actual expenditure amounted to £4,318,000, being £114,000 below the estimate. Tha Treasurer estimates the revenue for the current year at £11,387,000 and the expenditure at £4,606,000. The cofet of federation last year was Is 6|d per head, and the estimate for next year is Is sJkl per head. The revenue returned to the States amounted to £7,141,000, and the- estimated amount to be returned next year is £6,733,000.
In his Budget Speech the Treasurer announced that he intended to extend the sugar bonus for another five years from the end of the present term on the exifctiug conditions. The excise would also be extended. With regard to the Braddon clause, unless some arrangement was made for a fixed amount to be returned there was no help but to continue the booking system till the end of the period fixed for
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Bibliographic details
Otago Witness, Issue 2685, 30 August 1905, Page 19
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196FEDERAL PARLIAMENT THE BUDGET. Otago Witness, Issue 2685, 30 August 1905, Page 19
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