AUSTRALIAN FINANCE.
MR WISE IN DEFENCE,
By Tclograph—Press Association—Copyrigb? London, Fob. 22.
Mr Wise, Attorney-General lor Now South Wales, interviewed, said that tho recent discussions as to the solvency of New South Wales was merely tho outcome of a fantastic dream. New South Wales was borrowing recently largely owing to tho purchase of four millions of wharf frontage, which had already returned a net profit after providing a sinking fund. The real assots in Australia was Parliament’s unlimited power of taxation. Australians wore tho lightest taxed people in tho world. He scornfully repudiated tho charges of extravagance by tho Federal Government as unfounded. Tho Commonwealth was really too parsimonious, and salaries wore lower than in tho principal States. Federation had increased New South Wales’s revenue by ovor ono million, which proved a vory useful addition.
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Bibliographic details
Gisborne Times, Volume IX, Issue 824, 24 February 1903, Page 2
Word Count
135AUSTRALIAN FINANCE. Gisborne Times, Volume IX, Issue 824, 24 February 1903, Page 2
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