AUSTRALIAN FINANCES

Taranaki Daily News, 24 July 1930, Page 4

AUSTRALIAN FINANCES

SOME FEATURES OF THE BUDGET By Telegraph—Preus Assn.—Copyright. ‘ Sydiiey, July 23. Copies of Federal estimates ,of j-eceiptg and expenditure for ,'hayp ( peeij circulated in the flouse' ‘tif Represcnta4 tives. The revenue is estimated at

£65,585,770, of which £14,000,000 is expected to be derived from the new taxation. The administration increase the Government , costs'' by £1,000,000. Overseas trips- will cost £14,000, -political expenses ' £77,000, League of Nations £30,000j. iron and steel bounties £300,000. . The principal feature of the -Budget debate was the address by the' Leader of the Opposition, Mr. Latham. He gave details of his proposal to. reduce• the estimates by £4,000,000. These included the withdrawing of £1,000,000: for unemployment relief and the limiting of the maternity bonus to persons receiving not more than £6 a week.The post office revenue-is expected to bo £15,577,000,. an increase of- - over £1,500,000.. The . sum. of £312,000 will be voted for the Federal, capital territory, from which the revenue is expected to reach £228,000.