CANADIAN BUDGET.
Uy Telegraph—Pres* Association — Copyright. Australian and N.Z. Cable Association. OTTAWA, May 9. The Budget was brought down in ‘.he House of Commons Uiifi evening by,Sir Henry Drayton, Minister of Finance. It makes no tariff changes, except provisions completing the trade agreement with the West Indies. Customs Act changes provide stricter supervision to prevent dumping domestic or imported goods. Sales taxes are increased. The revenue for 1920-21 was 432 000.000 d- 1lars, and the expenditure 633.368,077 dollars. The estimated revenue for 1921-22 is 373,000,000 dollars, and the estimated expenditure 591,437,697 dollars. Revenue to be raised thus amounts to 435,360,971 dollars. The surplus over ordinary expenditure in 1920-21 was 09,400,000 dollars. New taxation provides 62,760,971 dollars. The national (debt amounts to 2.350,236,700 dollars.
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Bibliographic details
Star (Christchurch), Issue 16423, 11 May 1921, Page 5
Word Count
123CANADIAN BUDGET. Star (Christchurch), Issue 16423, 11 May 1921, Page 5
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