AUSTRALIAN REVENUE BELOW THE ESTIMATES.
(United Press Assn.—By Electric Telegraph—Copyright.) (Received October 11, 11.30 am.) CANBERRA, October 11. Commonwealth finances for the quarter disclose an excess of expenditure revenue amounting to £6,747,000. Customs revenue is at least £2,000,000 below the estimates. A similar position is disclosed with regard to the sales tax, estate duties and postal revenue. The figures cannot be taken as an accurate indication of what the position will be at the end of the financial year. On the revenue side, for instance, nothing has yet been received on account of interest on loans to the States, which are estimated to yield £1.519,000 before June, 1931. The quarter’s deficit in South Australia was £1,120,784 and Tasmania £33,939.
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Star (Christchurch), Issue 19198, 11 October 1930, Page 1
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119AUSTRALIAN REVENUE BELOW THE ESTIMATES. Star (Christchurch), Issue 19198, 11 October 1930, Page 1
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