AUSTRALIAN.

Wanganui Chronicle, Volume XXXVII, Issue 11847, 21 July 1893, Page 2

AUSTRALIAN.

[Br Elects™ Tilbqbafh— Copyright.] [Per Press Association.] Melbourne, July 19. The Captain of the Mary Wadley, which arrived from the Thames to-day, reports having encountered very stormy weather crossing the Tasman Sea. Shortly after sailing, she was thrown on her beam ends, and her deck cargo had to be jettisoned to save the vessel. Mr Q. Downes Carter, the Colanial Treasurer, in the Budget attributes the depression to the lowness of the prices of staple products. The revenue for the past year was ,£6,963,000, of which £738,000 has been raised by means of Treasury Bills; and the expenditure had been .£8,18.3,000. The revenue for the ensuing year is estimated at ;87,343.000, and the estimated expenditure is .£7,623,000. Eetrenchment is to be carried on with a firm hand. Fresh taxation was rendered necessary, and an income tax similar to that in operation in New Zealand would be imposed; also a 3 per cent primage duty on goods under 25 per cent ad valorem In concluding, the Colonial Treasurer stated that he is convinced the colony will soon rebound into its former condition. Sydney, July 19. The Attorney-General ha 3 Btarted for Canada for the benefit of hiß health. In order to deal with matters in his department, the office of Solicitor-General, which has been in abeyance since 1873, has been revived, and Mr O'CoDnor has been appointed to the position. Bbisbane, July 19. The Legislative Assembly has adopted an address requesting increased representation on the Federal Council, Hobart. July 19. Parliament has been opened. The Speech from the Throne is colourless. It was announced that a Bill would be introduced in the Legislative Assembly increasing the duty on tea 6d pec lb, and on sogar to 9s per cwt In the Legislative Council Mr Donglaß stated that the deficiency was very large, and would have to be met by an Income Tax, and probably by a Land Tax. The Hon. P. 0. Fysh declared that if the revenue continued as at present there would be a deficiency of £400,000 at the end of the year.