New South Wales Budget.
A DEFICIT OF £1,200,000. [PEB PBESS ASSOCIATION.] Sydney, February 1. Tbe Colonial Treasurer delivered his Budget speech to-night. He said tbe deficiency amounted to about £1,200,000 aa against the deficit estimated by Sir G. Dibbs at £1,250.000. Treasury Bills to cover the deficit will be issued, but only sold lor investment in trust funds. The floods in the northern rivers and the commercial and financial depression had affected the revenue to an alarming extent. The receipts fell £767,000 below the previous year's. The saving on votes, which usually came to a quarter of a million, had amounted to £800,000, showing that judicious retrenchment had beeD carried out. He estimated that the revenue for 1894 would reach £9,851,000, and the expenditure £9,728,000.
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Bibliographic details
Feilding Star, Volume XV, Issue 229, 2 February 1894, Page 2
Word Count
125New South Wales Budget. Feilding Star, Volume XV, Issue 229, 2 February 1894, Page 2
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