AUSTRALIA.
[betjtee’s telegrams.] MELBOURNE, September 22. Financial Statement. Sir Bryan O’Loghlin, the Premier and Colonial Treasurer, introduced his financial statement in the Legislative Assembly to-day. He showed that the revenue for the last financial year, including the annual railway recoup of £200,000, and Treasury Bills for £500,000, amounted to £5,686,000. The expenditure, including , £388,000 balance from last year, amounted to £5,497,000. The actual deficit at the close of tho financial year was £510,000, which it is necessary to meet this year. Tho Treasurer estimated the revenue for the present year at £5,437,000, and tho expenditure at £5,398,000, leaving an anticipated surplus of £31,000. No fresh taxation is to be levied. A new loan is to be raised for four millions, of which £2,500,000 will be expended on railways, £300,000 on schools, and a like amount on waterworks. The working railways last year returned a total profit of £750,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GLOBE18810923.2.12.2
Bibliographic details
Globe, Volume XXIII, Issue 2332, 23 September 1881, Page 3
Word Count
148AUSTRALIA. Globe, Volume XXIII, Issue 2332, 23 September 1881, 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