FEDERAL FINANCES.
ESTIMATE OF RECEIPTS AND EXPENDITURE. Press Association .—Telegraph .—Copyright. Received July 4, 9.55 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 excise, £1,350,000 from the land tax, but, with the heavy new liabilities involved in the control of the Northern Territory, the payment of interest and the establishment of a sinking fund in connection with the payment for properties transferred from tho States, the construction of tho trans-Continental railway, and building at the Federal capital, besides the heavy naval and military expenditure, it will be necessary to carefully control the expenditure in order to show a credit balance at the end of the year.
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https://paperspast.natlib.govt.nz/newspapers/WH19110704.2.73
Bibliographic details
Wanganui Herald, Volume XXXXVI, Issue 13418, 4 July 1911, Page 7
Word Count
120FEDERAL FINANCES. Wanganui Herald, Volume XXXXVI, Issue 13418, 4 July 1911, Page 7
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