LATEST AUSTRALIAN.

Evening Star, Issue 3986, 3 December 1875, Page 2

LATEST AUSTRALIAN.

Melbourne, November 27, m Treasurer made his Financial Statement on Tuesday. He estimates the expenditure for the year ah L 4,524.644, and reckons our probable deficit of L 150.873, to meet which hf proposes to raise L 215.0 oas follows J Hn d aud property tax, 1.125,000 ; income tax for ro, in> f . yoar > L(i0 ’ 0o( J 1 oank notes tax, LU>,OOO ; increased succession duties. L 4.000 • which, after deducting the deficit, leaves’ a surplus of 1,34,127. It is also proposed to relieve imported poods to the value of L1.0C5.977, producing L 113,894 of revenue aud to boirow three millions m w laiiways, water supply works, and building state schools. The land end propertj' ax is to be five per cent, within cities, towns, aud boroughs, ami seven per cent, for the large estates. The income iax is to he two and a halt per cent, on all incomes above 1,500 per annum. Mr Berry, who led otf the opposi tiou moved as au amendment, “ That the financial in oposals of the Government are un s iti-factory.” As yet only two other members have spokeu. Mr Service’s speech, delive ed on all sides, is .one of the very best ever heard in the House. It is generally believed that the Government proposals will be agreed to excepting the income tax which is generally con .ernned ami is very unpopular. Bi 1 has pns.-ed its second reading tor pm milting women to graduate at the University. The cable is still interrupted, and no communication has been obtained. It was expected a steamer would have brought massages ere this,

nn^ w feve** is increasing, I* has broken ut m tha Lving-m-Hosjdtal, where two deaths closetl * aD( lCß^^u^on as conßequeutly The cow Triple Brunswick, for which LI 700 was recently refused, has died, 9 *' A steamer was launched on the Yarra to-dav She is biult to the order of Hamilton. MLeam and Co,, of Lyttelton, for carrying mails between Lyttelton, Pigeon Bay, and Aknroa. olie is to steam eleven kn »ls A youu r man, named Raymond, is missing from the London (-harteiod Bank at Aararat tome irregularities have been discovered. . Mr Geo, Thornton has been nppobitedExecu* tive Commissioner to I hihdeljdiia. Mr Dangar has given notice in the Assembly for a sum of L 2.000 U send a ride team to America next year. 1 he session is likely to be brought to a close in January. The Financial Statement will be made next week. A cricket match is being played between the Albert i lub and an eleven of Ta m i J.nia. mi . Adelaide, The Council for the second time rejected the Stamps Bill by a majority of one. Th prorogation will probably take p’uco on Tuesday. Great indignation >h expressed at the progress of the Colony being r tar.led, as all business has been postponed