TREASURY DEFICIT.

Auckland Star, Volume LIX, Issue 232, 1 October 1928, Page 7

TREASURY DEFICIT.

Buoyant Death Duties Yield

£41,750,000.

INCOME TAX DECREASE

(Australian Press Assn.—United Service.) (Received 10.30 a.m.) LONDON, September 30. The six monthly Treasury returns are as follows: — The revenue was £312,425,000, as compared with £328,557,000 for last year. The expenditure was £388,393,000, as compared with £384,757,000, and there is a deficiency of £75,967,000, as compared with £56,169,000 for last year. The principal decrease was in income tax, which dropped from £20,859,000 to £55.231.000, but death duties were unexpectedly buoyant and yielded £41,750.000. as compared with £35,050,000 for last year. Though the Chancellor of the Exchequer, Mr. Winston Churchill, anticipated a decrease he is budgeting for £72,000,000 to complete the year.

REWARD OFFERED.

MURDER OF TEACHER,

SYDNEY, September 30. The Police Department is offering a reward of £200 for the apprehension of the person who mysteriously shot Mr. John Mulholland, a school teacher at Wolumia, on the south coast, a fortnight ago. The victim of the crime was leaving a friend's house at night and was in the act of lighting a cigarette when shots from a gun struck him in the mouth and he fell dead. There was an entire absence of motive for the murder. The police are baffled.