AUSTRALIAN TELEGRAMS.
SmvEY, February 4. The Colonial Treasurer brought lown his Budget in the Legislative Assembly to-night. He estimates a lefioit for the ourrent year of nearly £1,704,000. It ia proposed to levy a tax of a halfpenny in the pound on real estate, capital of all Banks and dividend-paying Companies, and all descriptions of goods stored. It is probable the duties will also be increased. Mr. Burns expects to realise £650,000 per annum from the projected new taxation. The Colonial Treasurer (Mr. Burns) also announced that it was the intention of the New South Wales Government to place a new loan on the London market in May or June next. Mr. Heydon, Minister of Justice, has resigned office, owing to hi 9 disapproval of the projected property tax. Sydney, February 5. Sailed (this afternoon): Hauroto for New Zealand. _
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Bibliographic details
Taranaki Herald, Volume XXXV, Issue 6984, 6 February 1886, Page 2
Word Count
139AUSTRALIAN TELEGRAMS. Taranaki Herald, Volume XXXV, Issue 6984, 6 February 1886, Page 2
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