AUSTRALIAN BUDGET.

Pahiatua Herald, Volume XLIV, Issue 13642, 28 August 1937, Page 5

AUSTRALIAN BUDGET.

NO REDUCTION IN PRICES. LARGE DEFENCE ALLOCATION. United Fress Assn.—By xClectric Telegraph—Copyright. CANBERRA. August 27. The Commonwealth Treasurer, Mr R. G. Casey, in his Budget speech, announced that there would be no reduction in Federal taxation. The revenue was estimated to produce £85,190.000 and expenditure would be £85,160,000. The old-age. invalid and war service pensions would be increased from 19s to £1 weekly and £11.500.000 would be spent on defence, of which £2,500,000 would come from loan money, £6,000,000 from the Budget and the rest from trust accounts. For the promotion of the health of women and children £IOO,OOO would l)e provided The Government, said Mr Casey, was giving close attention to national unemployment insurance, health and pensions and was providing £75,000 towards initial expenses. For the apple ani pear industry £65,000 was provided and 2s a case on exported oranges, grapefruit and lemons. Road grants to States would amount to £3,739,000. Overseas trade and travel publicity would absorb £60,000. Mr Casey said it was estimated that Australia’s total credits were sufficient to settle all overseas liabilities and add £20.000,000 to the Loudon reserves. Of the defence vote, £3,616,000 wall go to the Navy, £3,264.000 to the Army, £2,672.000 to the Air Force, £1,039,000 to munitions, and the balance to civil aviation.