CAPE COLONY.
A DEFICIT.
RETRENCHMENTS AND INCREASED TAXATION.
United Press Association. — By Electric Telegraph. — Copyright. (■Received. August 14, 8.9 a.m.) CAPETOWN, August 13. Mr Watson, Colonial Treasurer, has delivered his Budget for 1907. It shows a deficit of £640,000. It is estimated that in 1908 the expenditure will reach £8,063,000, and the revenue £7,764,000.
The Government Has announced its intention to make retrenchments in -the Civil Service. An increased tax on incomes above £10,000 will be proposed. It is also intended to establish an official department to promote South African industries as against trade in imported goods.
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https://paperspast.natlib.govt.nz/newspapers/TH19070814.2.38
Bibliographic details
Taranaki Herald, Volume LIV, Issue 13499, 14 August 1907, Page 5
Word Count
97CAPE COLONY. Taranaki Herald, Volume LIV, Issue 13499, 14 August 1907, Page 5
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