NEW SOUTH WALES' FINANCES.
» ( (PKB PBESS ASSOCIATION.) (Received 1, 2 a.m.) ] Sydset, July 31. The final report of the Royal Oom- - mission on Finances has been presented '. to Parliament. It finds that a very ', large proportion of the money accounted for as land revenue represented money due on account of the fee simple, and recommended the discontinuance of the practice, as probably large surpluses would be returned under Federation. They recommended that it be devoted to reducing the deficiency in the consolidated revenue, which on Jane 30th was £2,907,000. The loan expenditure to the same date totalled £52,000,000. The Commission urged the institution of a sinking fund, and deprecated short-dated loans and rej commend their abolition. They also _jf condemned the practice of paying works out of loan, which should have been paid out of the consolidated revenue,
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Bibliographic details
Taranaki Daily News, Volume XXXXII, Issue 189, 1 August 1900, Page 3
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138NEW SOUTH WALES' FINANCES. Taranaki Daily News, Volume XXXXII, Issue 189, 1 August 1900, Page 3
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