The Victorian Budget
By Electric Telegraph. — Copyright, I PEE UNITED PHESS ASSOCIATION.] Melbourne, July 30. Mr Gillies, the Premier and Colonial Treasurer, delivered bis Budget speech this evening. It is considered highly satisfactory. The receipts during the year were £9,779,000 and the expenditure £8,170,000, leaving a surplus of £1,609,000. The reveuue for next year is estimated at £10,608,---000, and the expenditure at £10,523,---000. The Government intend to dispose of the surplus by giving grants and bonuses for tbe encouragement of agricultural and wine industries ; also to establish technical, agricultural and military colleges, develope rabbit exterminatiou, and give additional grants to municipal bodies aud other existiug institutions. With regard to the tariff, tea will be reduced Id per lb, and coffee will come in free. Cereals will be increased to 3s per cental, and geen fruit to 2s. It is not proposed to increase the stock tax. The postage rates will be reduced Id within the Colony. The duty on all dairy produce will be increased, but tbe amounts are not yet available for telegraphing.
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Bibliographic details
Feilding Star, Volume XI, Issue 20, 1 August 1889, Page 3
Word Count
174The Victorian Budget Feilding Star, Volume XI, Issue 20, 1 August 1889, Page 3
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