FEDERAL FINANCE.
THE TREASURER'S ESTIMATES. United Press Association—By Electrlo Telrtgrtph—Copyright. (Received July 4, 10.30 a.m.) MELBOURNE, July 4. The Federal Treasurer roughly estimates the revenue for tho current financial year at £20,000,000, including £13,000,000 from Customs and excise, and £1,350.000 from land tax. With the heavy new liabilities involved by the control of the Northern Territory, the payment of interest on and the establishment of a sinking fund in connection with payment for the properties transferred from the States, the construction of the trans-continental railway. and the building at the Federal capital, besides naval and military expenditure, it will be necessary to carefully control the expenditure in order to show a credit bafcnee at the end of tho year.
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Bibliographic details
Star (Christchurch), Issue 10196, 4 July 1911, Page 2
Word Count
119FEDERAL FINANCE. Star (Christchurch), Issue 10196, 4 July 1911, Page 2
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