Victoria's Financial Position.

Feilding Star, Issue 158, 3 January 1895, Page 2

Victoria's Financial Position.

(Per Press Association). Melbourne, January 2. The Argus in its commercial review of the past year, sa.ys the totals show a very slight decrease in the value as compared with the previous year. .For this stationary condition the four principal causes are low prices, restriction of banking support, cessation of borrowing and decay of intercolonial trade There are serious obstacles in the way of a speedy return to prosperous circumstances. An unsettled public opinion with regard to the financial position of the colony, large increase of taxation at the time when her resources have seaiously dwindled, aDd the great J magnitude of the annual remittance of ij^l terest to London all militate against trad^f The Age in reviewing the export^^^H of the past year, ears it is tbe suj|^^^H of keen satisfaction that the stead of sitting down and whi^^^^^^^^H its troubles, is dofo^ita^^^^^^^^^| ters on a soundeP fl^^^^^^^^^^^H the gross exports f'^^^^^^^^^^^^H year at 200,000 C^^^^^^^^^^H pounds of butterCij^^^^^^^^^^^^H were shipped H> crease in value of t.'2so,O)o_j^^^^^^^^^^H