A PROSPEROUS YEAR.

Dominion, Volume 6, Issue 1579, 24 October 1912, Page 5

A PROSPEROUS YEAR.

NEW SOjUTH WALES' BUDGET. By Teleirauh-Frcsa AssoCiatlon-OoDyTlslik Sydney, October 23. Tho State Budget Showed that tho railway and tramway earnings for the ywir totalled ,£8,872,8(10. After paying -working expenses, the not return from the capital invested was .til 10s. 4(1. per centum. Tho deposits in the Government Savings Bank increased, by two and a-h.ilf millions, the total balance to the credit of 435,000 depositors being ,£18,612,000. The Estimates of proposed expenditure on public works total .£0,113,170, including .£2,427,000 for new railways, duplications, and rolling stock. The Treasurer ,nnticipates that there will be no difficulty in raising the loun money required; he has every confidence that ho will be able to provide six millions. He proposes to raise .£200,000 by new taxation from probato and stamp duties, and '.£70,000 by readjustment of tho income tax. Last year 7731 buildings were completed in Sydney and suburbs at a cost of ,C 4,495,017—a record total. Tho overseas trade amounted to J!59,504,829, an-increase of .£4,230,385. Tho excess of exports over imports was nenriy five millions. The butter exports increased % ,£0,006,000. . . The Treasurer anticipates a decrease in the wool clip owing to the drought, but a satisfactory harvest. CORRECTED FIGURES. (Rec, October 23, 9.15 p.m.) Sydney, October 23. The corrected figures for the Budget pre: Revenue, ,£15,770,000; expenditure, ,C 15.732,081; estimated revenue for tho current year, .£i7,0.35,508; and estimated expenditure, .£17,001,200.'