New South Wales Politics.
(Per Press Associaton). Sydney, July 9. The Treasurer delivered his Budget speech to-night. The estimated revenue for the financial year ending June 30th, was L 9,244,000, and the actual receipts L 9.284.000. The estimated expenditure was L 9,063,500, and the actual L 8.950.500. The estimated expenditure is L 9,400,000, leaving a surplus of L 207.300, out of which it is proposed to devote L*"\000 to special grants for municipal bodies. Later. Mr Reid, in the Budget speech, proposed double probate duties to stop certain leakages. The Stamp Doty is estimated to bring in L 130.000. Retrenchment in salaries, stores and contingencies amount to L 280,000. The Government would carty oat the amalgamation of the two Savings Banks, which he hoped would form a Bank from which a note circulation would issue, and the people's money would be lent out to the people. Tbe Government intended to promote a Great Australasian Exhibition at Sydney in 1899, the exhibits at which could after--wards be sent to the Paris exhibition in 1900. This Day. The actual cash surplus of the colony over the expenditure last year was L 333.000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/FS18960710.2.32
Bibliographic details
Feilding Star, Volume XVIII, Issue 9, 10 July 1896, Page 3
Word Count
190New South Wales Politics. Feilding Star, Volume XVIII, Issue 9, 10 July 1896, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in