SOUTH AFRICAN BUDGET
DEFICIT OF £2,702,000 (Rcc. March 20, 1.50 a.m) Cape Town, March ]!). Mr. Smuts, in the Assembly, submitted his Budget, which shows tiia imposition of a special war tax of half :v million upon the mines. The expenditure is estimated at J211,40G,000, showing a deficit of £2,702,000, which will bo mot by an increase in Customs and excise, and by reducing tho exombtion • limit of the income tax to £300, and increasing' tho scalo. of the tiu to Is. and 2a,
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Dominion, Volume 8, Issue 2414, 20 March 1915, Page 7
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83SOUTH AFRICAN BUDGET Dominion, Volume 8, Issue 2414, 20 March 1915, Page 7
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