New South Wales Deficit.
Eefeeetug to the deficit in New Wales revenue, the Sydney Daily Telegraph remarks Only a guess can be made at tbe actual dimensions of the deficit at the present lime. But so tar as it can be roughly arrived at, the deficit is now about i wo and ahalf millions -that is to say, it has been doubled during the year. The only set off is the arrears of pastoral rents for 1885 and 188(1, and these, it is said, will aggregate between £300,000 and £400,000, leaving over £2,0)10,000 to be raised by additional taxation, after the long promised equilibrium between revenue and expenditure has been restored by retrenchment. This, it must be admitted, is a most distressing condition of affairs. There is no possible avoidance of either retrenchment or additional taxation. Both will have to be of a severe ki k
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Bibliographic details
Wairarapa Standard, Volume XX, Issue 2023, 28 January 1887, Page 2
Word Count
146New South Wales Deficit. Wairarapa Standard, Volume XX, Issue 2023, 28 January 1887, Page 2
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