SOUTH AFRICAN BUDGET
Surplus For Rearmament By Telegraph.—Press Assn.—Copyright. (Received March 16, 7.30 p.m.) CAPE TOWN, March 16. The Minister of Finance, Mr. N. C. Havenga, in his sixteenth consecutive Budget estimates the ‘ revenue at £43,780,000 and expenditure at £42,130,000, the majority of the surplus to be applied to rearmament. The chief proposals are £300,000 for defence supplement loan expenditure, £BOO,OOO for a railway subsidy to enable reduced freights on farm produce and fertilizers, and £600,000 for Income tax rebate, which is being increased from 20 to 30 per cent. Next year’s estimates are revenue £44,660,000 and expenditure £44,860,000.
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Dominion, Volume 32, Issue 147, 17 March 1939, Page 11
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99SOUTH AFRICAN BUDGET Dominion, Volume 32, Issue 147, 17 March 1939, Page 11
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