FEDERAL PARLIAMENT.

Timaru Herald, Volume XIIIC, Issue 13726, 16 October 1908, Page 5

FEDERAL PARLIAMENT.

Press Association-By Telegraph-Copyright details of the rui;s<.kt! MKLROURXE, Gel. 15. Sir W. J. Lyue stated that the amount repaid to \he States Itust year was £B.859.596. which was £1,080,000 above the estimate, fc In future the .States would not receive; a penny ninr* than the statutory three-fourcL.;. Sine: l the formation of thi- Federation they had received £6,058,000 in excels; of tin' three-fourths. He <Gtimated the revenue' for the current year at £14,577.271. Customs and Excise aro expected to yield £11,010.711. and the Post Office £3.483.000. The tiitiuiated expenditure- is £6,513.579. The pi>it office, appropriations provide for an increase of £229.000. and defence expenditure £1.202,631, an increase of £18,166. Th-'.s ii-i exclusive of £250.000 for coastal .111(1 harbour defwite. The amount, to be returned to the Stat,.:, is £8.063,693, a decrease, of £795.904. Sir W. .1. Lyne estimated that Federal (Ud Age Pensions would run. £1,225.000' per annum, the levy f„r 11,,- eunvtit year Loins; £410,8(X). The Covtrniik nt's propcViis include a Federal stamp printing oftire. a Coinage Hill. The coinage of Australian silver and Sold is , <xpe<;t.d to yield an animal profit, of £500.000. The of Comnionwcakh iiokh is also foreshadowed. Reference was made in tin- oiatetiKiit. (•• tiesteady development of Papua. WANT OF COXFIDKNCK. MyrKoriiXF.. October 1"). H.fi.ie ihe llotisv ri i,; ;., ni>do. .Mr R. id liniv.; .-, h ;»n ~f confidence luoiioii over ill- P.ndg.-t piopn,.ds. ————■—»